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$BRCD said that in its IP Networking segment, it exceeded its overall revenue outlook largely due to strong contributions from Ruckus Wireless acquisition completed on May 27. Sales into the enterprise and service provider markets came in within expectations. Weakness in the US federal market in 3Q16 extended a disappointing year for this vertical.
Visa ($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.