Want to join the conversation?
$MSI said that its 2Q16 Product sales fell 8% to $801MM vs. 2Q15. The majority of the decline was due to weakness in Latin America, parts of Europe and China. Product operating income was $176MM or 22% of sales, up 170 BP vs. last year, driven by steady margins and a lower cost structure. Backlog at quarter-end for this segment was $1.3Bil.
$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.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.