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$EXPR now expects 2016 net income of $72-83MM, adjusted net income of $79-90MM, EPS of $0.91-1.05 and adjusted EPS of $1.00-1.14. $EXPR now projects comparable sales in negative high single digits range. $EXPR sees tax rate of about 39%, interest expense of $13.7MM, CapEx of $105-110MM and weighted average shares outstanding of $79.2MM.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.