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Engineering services provider $FLR reported a drop in 2Q16 earnings due to higher costs and expenses despite a rise in revenue. Net income fell to $101.8MM or $0.72 per share from $148.5MM or $1.00 per share during 2Q15. Revenue rose slightly to $4.86Bil from $4.81Bil.
Visa ($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.