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Semiconductors supplier $SMTC's 2Q17 net sales rose versus 2Q16, mainly due to higher demand from high-end consumer and industrial end markets. 2Q17 shipments into Asia represented 73% of total net sales, North America 19% and Europe 8%. GAAP GM was 60.2% and GAAP tax rate was 37% in the quarter.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.