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$CAG, one of North America's largest packaged food companies, today reported 1Q16 net sales of $2.79Bil. Net sales grew 1.1% when compared to the same period in 2014, and declined 32% sequentially. Income from continuing operations was $167.2MM or $0.38 per diluted share compared to $96.2MM or $0.22 in the year-ago period.
Visa ($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.