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$SYMC 1Q16 Call: SYMC has entered into definitive agreement to sell Veritas business to Carlyle for $8Bil in cash. The transaction is expected to close by the end of our 3Q16. For Symantec, the proceeds of this all-cash transaction will further strengthen our financial foundation, allowing us to return significant cash to shareholders.
Visa ($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.