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Maker of industrial equipment and tools $GWW said it is lowering its GM expectations by 80 BP. For 2016, the company expects GM to be down 130-150 BP vs. 2015 results. For 2Q16, the company expects GM to be down 130-150 BP vs. 2Q15 and OpEx to sales to be down 40-60 BP. For 2016, $GWW expects to close 50 more branches in the US.
$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?