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$FINL expects its streamlining and optimization actions to generate net cost savings of approx. $6MM on an annualized basis. The company will begin to benefit from these savings in 4Q17 by approx. $1MM. $FINL also expects to incur severance-related charges and other costs in 3Q17.
Visa ($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.