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Pinnacle Associates analyst Randy Baron questions $BKS on whether there are any contractual reasons for it being unable to exit the NOOK business entirely. CFO Allen Lindstrom says that on NOOK losses, $BKS has taken out a bit of SG&A over the last few years to rationalize the business. A substantial amount of NOOK customers shop in $BKS stores.
Visa ($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.