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Distributor of food and related products $SYY said that 3Q16 sales growth was 2% and gross profit dollar growth was 4%. Adjusted OpEx growth was 1.5%, which resulted in adjusted operating income growth of $60MM or 16% vs. 3Q15. Adjusted EPS grew 15% to $0.46. These results were achieved due to favorable weather conditions and early Easter holiday.
Visa ($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.