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Effective tax rate of $BF.A $BF.B for 3Q16 fell to 28.8% from 30% in the previous year quarter. The decline was primarily driven by rise in favorable impact of foreign earnings at lower rates, partially offset by rise in the U.S. tax related to effect of recurring permanent items and rise in tax expense related to discrete items.
$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?