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In 2015, $KSS completed a cash tender offer and redemption for $1,085MM of senior unsecured debt. The company recognized a $169MM loss on extinguishment of debt. This included a $163MM bond tender premium paid to holders of the debt and a $6MM non-cash write-off of deferred financing costs and original issue discounts related to extinguished debt.
$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?