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$GLT, a maker of engineered papers, said it will invest about $80MM in a new production facility in the US for its Advanced Airlaid Materials business (AMBU). The facility is expected to have an annual capacity of about 22,000 short tons, increasing the global airlaid materials capacity to about 129,000 short tons.
Visa ($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.