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In 2Q16, $JCI provided income tax expense on the foreign undistributed earnings of certain non-US subsidiaries associated with the proposed spin-off of the Automotive Experience business, which resulted in a non-cash tax charge of $780MM. In 2Q16, $JCI recorded $229MM of restructuring and impairment costs.
$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?
$YHOO is reporting today after market close. Nobody cares about this stock.