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Industrial machinery giant $CMI reported a 64% fall in 4Q16, hurt by a $211MM impairment charge associated with light-duty diesel assets, while a stronger U.S. dollar pushed revenue down 6% to $4.8Bil. For the quarter, the company posted earnings of $161MM, or $0.92 per share, compared to $444MM, or $2.44 a year ago.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.