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Experiential services company $VVI said it acquired audio-visual services provider ON Event Services. The deal has a projected IRR of more than 15%, and is expected to contribute revenue of $20-25MM and adjusted segment EBITDA of $3.5-5MM in 2016. For 3Q16, it is expected to contribute $6.5-8.5MM in revenue and $1-2MM in adjusted segment EBITDA.
Visa ($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.