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Electric motor maker $RBC reported a lower quarterly profit, hurt by a 11% fall in revenue. The company reported 2Q16 earnings of $58.4MM, or $1.26 per share, compared with $62.8MM, or $1.39 per share a year ago. Total net sales of $838.6MM decreased 11.0% from the prior year and included a negative 1.0% foreign currency translation impact.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.