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$FB said that company's two of the top messaging apps have a user base of 900MM for Messenger and 1Bil for WhatsApp; 60Bil messages are sent between Messenger and WhatsApp every day. In 1Q16, the company started shipping Oculus Rift. $FB believes VR is going to be the next big computing platform and is making necessary investments on it.
Visa ($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.