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Financial services company $ETFC reported a lower quarterly profit, hurt by lower income tax provision. For 2Q16, the company posted earnings of $133MM, or $0.48 per share. This compares to net income of $153 million, or $0.53 per diluted share, in the prior quarter. Total net revenue of $474MM increased from $472MM a year ago.
Visa ($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.