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$MTRX said in 4Q16, gross profit of $34.1MM was down from $40.4MM in 4Q15. Consolidated GM was 9.5%. The decline in gross profit and margins was primarily due to continued headwinds in the Electrical segment. In 4Q16, $MTRX repurchased $5MM worth of stock bringing FY16 share repurchases to $10.5MM. Cash balance was $72MM at 4Q16-end.
$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?