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In April 2016, $AES' subsidiary Maritza in Bulgaria received all overdue payments from NEK, totaling $291MM. In addition, all other conditions precedent were satisfied by NEK, which resulted in the extinguishment of $57MM of liabilities owed by Maritza to MMI, a Maritza fuel supplier.
Visa ($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.