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$MAS said that exiting the low-margin direct-to-builder business in the Carolinas and kitchen countertop product categories will negatively impact Cabinetry Products segment's topline by about $60MM for the full-year. On a quarterly basis, the revenue impact will be about $15MM for each 2Q, 3Q and 4Q.
Visa ($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.