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On a non-GAAP basis, $RHT's 2Q16 operating income grew 13% and operating margin was 24.4%. This non-GAAP operating margin was approx. 140 BPs above its guidance due to the strong revenue growth during the quarter. Using $RHT's estimated annual effective tax rate of 29%, non-GAAP diluted EPS came in at $0.47, $0.03 above its guidance.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!