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$ADM said, excluding specified items, adjusted segment operating profit was $573MM in 1Q16, down $319MM. Effective tax rate for 1Q16 was 25% compared to 29% in 1Q15, largely due to differing geographic mix of earnings. The company expects its effective tax rate to be at the lower end or below the 28-30% range in 2016.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.