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$CASY said its effective tax rate in 1Q17 was down 350 BPs from a year ago to 33.5%. This was mainly due to the adoption of a new accounting standard related to the tax treatment of share-based compensation. The impact of this was about $3MM benefit to income tax expense. The company now expects its effective tax rate to be 34.5-35.5% for FY17.
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.
$APC stock tumbled more than 5.6% after last week's fatal home explosion in Firestone, Colorado prompted the company to close more than 3,000 wells for weeks.
Unicorn Frappuccino. The latest hit from $SBUX. Can't wait to see how this will affect its results.
At what point should $AMZN consider a stock split? $1000 per share seems pretty high.