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$KMX, provider of vehicle financing through its superstores, said that 1Q17 used unit comps were slightly positive and total used units grew 4%. Comp units were driven by an improvement in conversion which offset a modest decrease in traffic. Traffic was lower due to lower Tier 3 sales. For the non-Tier 3 customer base, comp units rose by 3.6%.
Visa ($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.