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$KZ said its BoD has approved the sale of a portion of its shareholding in Ourgame International Holdings to Glassy Mind Holdings Ltd. $KZ agreed to sell 39.2MM shares in Ourgame to Glassy Mind for total consideration of about $30.9MM. Upon closing, $KZ will continue to hold about 20.74MM shares in Ourgame as of Nov. 26.
Visa ($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.