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$AVT posted a decline in 4Q16 earnings, hurt by lower sales compared to 4Q15. Net income was $96.81MM or $0.75 per diluted share compared to $158.73MM or $1.15 per diluted share last year. Sales were down 8% year-over-year to $6.2Bil in the quarter. Adjusted diluted EPS was $0.86 compared to $1.16 in 4Q15.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.