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$MET 2Q15 Call: Net income was $1Bil and was $723MM less than operating earnings, primarily because of derivative losses. These losses were driven by higher interest rates and weakening of US dollar against certain currencies. 2Q15 variance between operating earnings & net income includes asymmetrical & non-economic accounting of $856MM after-tax.
Visa ($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.