Want to join the conversation?
$IFF agreed to buy David Michael & Co., a privately-held flavors company headquartered in Philadelphia, PA, for undisclosed terms. The transaction, funded from existing resources, is expected to add about $85MM in revenue in 2017. Until deal closes, which is expected to occur in 4Q16, David Michael and $IFF will operate as separate companies.
Visa ($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.