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David Driscoll of Citigroup asks for some more color on the sales decline. $GIS said the macro environment is tough globally. The company is focusing on innovation in the yogurt and cereal business and it is optimistic on the innovation in snacks which will roll out in 2H17. $GIS believes it can improve sales trends in the US and globally.
$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?
$YHOO is reporting today after market close. Nobody cares about this stock.