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Information technology products distributor $TECD reported a drop in 1Q17 earnings due to lower gains from LCD settlement despite a rise in sales. Net income fell to $33.37MM or $0.94 per share from $51.28MM or $1.38 per share last year. Net sales grew to $5.96Bil from $5.89Bil. Non-GAAP EPS increased to $1.05 from $0.80.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.