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$VRTX reiterated its 2016 net product revenue guidance for Kalydeco of $670-690MM and forecast for non-GAAP operating expenses, excluding cost of revenues, of $1.18-1.23Bil. $VRTX expects 2016 non-GAAP research and development expenses of $850-880MM and non-GAAP selling, general and administrative expenses of $330-350MM.
Visa ($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.