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During 2Q16, $EV's operating margin was 30%, substantially unchanged from 1Q16, but down from 35% in 2Q15. The YoverY decline reflects the math of an 8% decrease in revenue and 1% lower expenses. The company said that approx. 45-50% of total expenses are variable, which are driven by managed asset levels and gross sales or operating income.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?