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Natural gas infrastructure company $SE said that 1Q16 income tax expense was $98MM vs. $101MM for 1Q15. The lower tax expense was mainly attributable to lower earnings. The effective income tax rate was 24% for the quarter and there was no material net change in unrecognized tax benefits recorded during 1Q16.
$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?
$YHOO is reporting today after market close. Nobody cares about this stock.