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$ARRS, the new parent company of ARRIS Group, said it has completed its $2.1Bil acquisition of Pace plc. Bob Stanzione will lead the combined organization as Chairman and CEO. The ARRIS Board of Directors will remain unchanged. The acquisition is expected to create $0.65-0.75 Non-GAAP EPS growth in the next 12 months, the company said.
Visa ($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.