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The design software and services company $ADSK said that it will terminate 925 employees, or about 10% of its workforce, as part of a corporate restructuring plan. $ADSK expects to complete the job cuts by the end of Jan'17. Restructuring charges are expected to be $85MM to $95MM of which $77MM to $85MM would be for employee termination benefits.
Visa ($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.