$ROK expects its FY16 organic sales to be flat to down 4%, mainly due to weak market conditions and currency impact. Including the impact of currency, $ROK expects FY16 sales to be approx. $6Bil and adjusted EPS of $5.90-6.40.
Read a media report stating that good times are coming to an end for Dollar stores. If you ask me, there appears to be no cloud on the horizon and major Dollar stores like $DG and $DLTR are doing well for sure.
$UAL's traffic or revenue passenger miles for November 2016 increased 1.7% and available seat miles or capacity rose 1.6% YoverY. Load factor increased 0.1 points. $UAL now expects 4Q16 pretax margin of 7.5-8.5% and passenger unit revenue to decline 3-4%.
$COO said that on the 1-day silicone hydrogel growth expectation for 2017, the company doesn't expect to sustain the 50% that it saw in 2016. On the FX assumptions of major currencies in 2017, $COO stated it expects pretty much today's rates.
$RIG's indirect subsidiary Transocean Proteus Ltd. closed offering of $625MM of 6.25% senior secured notes due 2024. The net proceeds of about $609MM from the Notes will be used primarily for the purpose of partially financing the construction of the Deepwater Proteus.
$ISIL's stockholders approved the merger agreement with Renesas Electronics Corp. The merger remains subject to satisfaction of certain other conditions, including antitrust approval by the China government and approval by Committee on Foreign Investment in the U.S. The transaction is expected to close during 1H17.
$UNM said non-executive Chairman Thomas Watjen has informed its BoD of his decision to not stand for re-election at Annual Meeting in May 2017. Watjen's retirement marks the completion of a two-year leadership transition that began in 2015 when he stepped down as CEO of the company and Richard McKenney assumed the role.