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YTD, $SPLS eliminated $200MM of annualized cost including approx. $50MM of annualized expense reduction. The company is on track to achieve approx. $250MM in annualized cost savings this year bringing total annualized cost savings for 2014 & 2015 combined to more than $500MM. Excluding the impact of charges, non-GAAP effective tax rate was 33.5%.
$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.