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$KNDI 2Q15 Call: G&A expenses were $3.8MM, up 21.2% YoverY. JV Financials: net sales was $68.9MM; gross profit was $10.7MM; and the net profit was $1.6MM. KNDI recorded 50% of JV company profit, which is $0.8MM for 2Q15. Stock compensation expense increased by $2.5MM vs. 2Q14. Cash used in operating activities was $3.2MM vs. $34.1MM in 2Q14.
Visa ($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.