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Pharmaceutical and consumer packaged goods maker $JNJ said its medical device company Ethicon has agreed to acquire NeuWave Medical Inc., a medical device company that makes and markets minimally invasive soft tissue microwave ablation systems. Financial terms of the deal have not been disclosed. The deal is expected to close in 2Q16.
Visa ($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.