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David Manthey of Robert W. Baird asks whether $MSM's 36.8% guided tax rate for 4Q16 versus 38.2% in 3Q16 and YTD was because of the DC purchase. Rustom Jilla said that is actually because the company's 4Q typically benefits from the release of various state tax reserves and that is just due to the timing of the statute of limitations.
$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.