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Laboratory instruments and services provider $A reported higher 2Q16 net income as a result of higher revenues. Net income was $91MM or $0.28 per diluted share compared to $87MM or $0.26 per diluted share in 2Q15. Revenue of $1.02Bil was up 6% YoverY for 2Q16. Non-GAAP income from continuing operations was $145MM or $0.44 per share.
Visa ($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.