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Mark Jordan of Noble Financial asks if there are any acquisition expenses that will fall into FY17. CFO Mike Porcelain replied that $CMTL is still expecting $48MM of total merger and acquisition expenditures in 2016. He added that at this moment, the company is not expecting any of the transaction costs to roll into 2017.
Visa ($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.