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$IVZ said its 1Q16 net revenue yield came in at 43.8 BPs, which was a decrease of 1.4 BPs versus 4Q15. Currency mix reduced the yield by 0.7 BPs and one less day in the period reduced the yield by 0.4 BPs. Net revenues declined by $68MM or 7.7% QoverQ to $818.1MM, which includes negative FX rate impact of $12.6MM.
Visa ($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.