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For 4Q16, $DHI expects a backlog conversion rate of 81-84% and an avg. sales price of around $290,000. Home sales GM is expected to be around 20%. Homebuilding SG&A is expected to be 8.4-8.7% of homebuilding revenue. Financial Services operating margin is expected to be around 35%. Tax rate is expected to be 35%.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?