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$NWL to buy Elmer's Products for $600MM. Elmer's Products expects sales of $240MM in FY15. $NWL expects the deal to be accretive to earnings in FY16. $NWL has begun to divest its Levolor & Kirsch window coverings brands (Decor). It also expects no material impact to FY15 results because of either the Elmer's buyout or Decor divestiture.
Visa ($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.