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$VIAV said it will restate its previously issued financial statements for each of the quarters ended October 3, 2015, January 2, 2016 and April 2, 2016. During the preparation of its FY16 annual report on Form 10-K, management determined that an error had occurred in the company's calculation of income taxes.
Visa ($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.