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$MGLN said it has completed its acquisition of Armed Forces Services Corp. (AFSC). AFSC holds about 60 contracts with federal government, and has 1,800 employees and subcontractors, with operations in all 50 states, 3 territories and 8 countries. $MGLN will update its 2016 guidance to include impact of acquisition on next earnings call on July 29.
Visa ($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.