Want to join the conversation?
$KLXI said its Energy Services Group's revenue was $32.3MM in 2Q16, a $28.7MM or 47% decline as compared to 2Q15. Operating loss was reduced by 10.6% to $23.5MM and adjusted EBITDA loss was $12.1MM. Cash burn rate during 2Q16 was reduced by 63% to $14.6MM as compared with last year and by approx. $21MM or 60% versus 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.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.