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The Calvin Klein and Tommy Hilfiger brands owner $PVH reported a jump in 1Q16 earnings driven by gain to write-up its equity investment in TH China to fair value. Net income rose to $231.6MM or $2.83 per share from $114.1MM or $1.37 per share last year. Total revenue grew to $1.92Bil from $1.88Bil. Non-GAAP EPS was $1.50 for 1Q16.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.