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During 1Q16, $SYY's operating expenses grew 1.2% to $21MM versus same period last year, mainly due to higher payroll expenses, which were driven by higher case volume, incentive accruals & $10MM in merger termination expenses. Operating income rose 6% to $493MM, an increase of $28MM compared to same period last year.
$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.