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$EA 1Q16 Q&A: Crum of Stifel, Nicolaus asked about FX detriment to topline in FY16. Andrew said, revenue forecast on a like for like basis last year’s FX rate was $4.65Bil. EA thought FX would impact that by $250MM and that would lead to the $4.4Bil revenue guide. Under new guidance, EA is assuming $4.7Bil in revenue.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?