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Steak restaurant $TXRH posted higher earnings during 2Q16 due to increased income from operations and provision for income taxes. Net income was $33MM or $0.47 per diluted share vs. $21MM or $0.30 per diluted share in 2Q15. 2Q16 revenue rose 12% vs. 2Q15, helped by growth in comparable restaurant sales and an increase in restaurant margins.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?