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Video game retailer $GME posted lower 1Q16 earnings of $65.8MM or $0.63 per diluted share vs. $73.8MM or $0.68 per diluted share in 1Q15. The company's global sales fell 4.3% to $1.97Bil, while consolidated comparable store sales fell 6.2%. $GME recorded one-time charges of $4.1MM, $2.6MM net of tax related to the closure of Puerto Rico operations.
Visa ($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.