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In local currency, $CBG's gross revenue increased 26%, while fee revenue rose 21%. Without the one month contribution from the acquired Global Workplace Solutions business, gross and fee revenue were both up 16% in local currency. Profitability was strong with 17.8% normalized EBITDA margin on fee revenue, up approx. 60 BP from 3Q14.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$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?