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$JNJ in its latest quarterly filing said a $10Bil credit facility the drugs major secured in 2015 will expire in 2016 September. The Company has access to substantial sources of funds at numerous banks worldwide, it said. $JNJ's cash and cash equivalents stood at $13.9Bil at the end of 1Q16 as compared with $13.7Bil at FY 2015 end.
Visa ($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.