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Open source solutions provider $RHT reported an increase in 1Q17 results. Net income was $61MM or $0.33 per share in 1Q17 versus $48MM or $0.26 per share in 1Q16. 1Q17 net income and diluted EPS benefited by $8MM and $0.04, respectively, from the accounting for excess tax benefits. Revenue was $568MM, up 18% YoverY and in constant currency.
$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?