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$KORS 1Q16 Call: SG&A expenses increased 17.9% to $313.5MM. As a percent of total revenue, SG&A expenses were 31.8% vs. 28.9% in 1Q15. D&A expense increased 43.3% to $41.6MM. Income from operations was $248.6MM or 25.2% of total revenue as compared to 30.1% of total revenue in 1Q15.
$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?