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$BRCD said it has agreed to buy $RKUS. $BRCD expects the transaction to add to its non-GAAP earnings by its 1Q17. The Ruckus organization will be led by current $RKUS' CEO Selina Lo and report directly to $BRCD's CEO Lloyd Carney. The companies expect transaction, which has been approved by both companies' BoD, to close in $BRCD's 3Q16.
Visa ($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.