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$HOT said its acquisition of rival Marriott is expected to close in the coming weeks. Excluding the transaction costs, $HOT expects FY owned earnings to get hurt by approx. $46MM due to asset sales completed in 2015 and 2016. $HOT said it also expects additional negative impact of about $20MM due to lost earnings from the five hotels it disposed.
Visa ($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.