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Electronic components group $POWI said the district court in San Francisco has awarded it $139.8MM in damages stemming from $FCS' infringement of 2 of its patents. The infringement finding occurred in March 2014 and remains intact. This trial was to retry damages after an earlier award of $105MM was set aside by the court due to a change in law.
Visa ($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.