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For 2016, $KBH expects operating income margin, excluding inventory-related charges, to be 5.8-6.0%. Effective tax rate is expected to be 31% for 3Q16 and in the range of 32-34% for 2016. $KBH expects avg. community count to decline by about 7% in 3Q16. For 2016, avg. community count will remain flat versus 2015.
$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.