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$AVT said it transferred a portion of its embedded computing solutions business to EM Americas from TS Americas at the start of FY17. Due to this, about $450MM of annual revenue that had previously been reported in TS will be included within EM starting in FY17. 1Q17 guidance takes into account the transfer from TS to EM of about $100M of revenue.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?