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$XYL closed its offering of $500MM of 3.25% senior notes due 2026 and $400MM of 4.375$% senior notes due 2046. The company plans to use net proceeds, with proceeds from commercial paper program and borrowings, to fund $1.7Bil cash price of its acquisition of direct and indirect subsidiaries of Sensus Worldwide.
Visa ($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.