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Photovoltaic modules maker $FSLR reported lower earnings in 2Q16, hurt by higher restructuring and asset impairments compared to 2Q15. Net income was $13.41MM or $0.13 per diluted share compared to $93.89MM or $0.92 per diluted share last year. Net sales were $934MM, up from $896.22MM last year. Non-GAAP diluted EPS was $0.87 in 2Q16.
Visa ($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.