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On March 23, 2015, the acquisition of Big Heart was completed and $SJM expects to incur about $225MM in one-time costs related to the acquisition, mainly over the next three years, with approx. one-half expected to be recognized in 2016. $SJM has incurred costs of $60.8MM related to the integration of Big Heart, including $24.8MM in 1Q16.
Visa ($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.