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Clothing company $RL posted 2Q16 net income of $160MM or $1.86 per share vs. $201MM or $2.27 per share last year. $RL said it had revenue of $1.97Bil which was $0.24Bil lower than last year. Gross profit for the quarter was $1.1Bil & gross profit margin was 56.5%. Due to unfavorable forex effects, gross profit margin was 30 BP lower than last year.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.
$FHN shares have dropped after its earnings missed analysts’ expectations. I’m worried whether the stock will slide further.