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Food and meat products manufacturer $HRL completed the sale of Diamond Crystal Brands, which represented approx. $260MM of annual sales, during 2Q16. Due to the transaction, $HRL recorded a small goodwill impairment to reflect the final sales price. The Specialty Foods Group will retain Hormel Health Labs, which was previously part of Diamond.
Visa ($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.