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$PSX 2Q15 Call: Sweeny Fractionator One is 90% complete. Expects mechanical completion this fall. Freeport LPG Export Terminal is nearly 50% complete with expected startup in the 2H16. Both projects are on schedule and on budget. PSX's master limited partnership Phillips 66 Partners increased its quarterly distribution by 8% over 1Q15.
Visa ($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.