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Oil and gas company $SGY said 1Q16 production was approx. 34 MBoe per day, above the guidance of 32-33 MBoe per day provided at 2015-end. Gross volumes from the Gulf of Mexico deep water benefited from the Cardona field and the Amethyst well. The fourth Cardona #7 well is now producing approx. 4,800 Boe per day gross.
Visa ($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.