Want to join the conversation?
$XOM's downstream earnings for 2Q16 fell by $681MM to $825MM from last year. Weaker refining margins decreased earnings by $850MM, while favorable volume and mix effects increased earnings by $130MM. All other items increased earnings by $40MM, including lower maintenance expenses partly offset by unfavorable foreign exchange effects.
Visa ($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.