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Communications company $CTL reported a 37.1% jump in 2Q16 earnings driven by lower operating expenses despite a decline in revenue. Net income rose to $196MM or $0.36 per share from $143MM or $0.26 per share last year. Revenue slid 0.5% to $4.4Bil. Adjusted EPS increased to $0.63 from $0.55.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?