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With regards to Brexit, $EBAY said that with a weaker pound, it expects UK exports to be higher, driving a strong start to the quarter for its international business. This will be offset by weaker UK import demand, particularly in U.S. corridor. $EBAY added that it is yet to see the impact of an economic slowdown on the UK domestic marketplace.
Visa ($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.