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$RL 1Q16 PR: Ralph Lauren reported total net revenues of $1,618MM vs. $1,708MM in 1Q15. Net income was $64MM vs. $162MM in 1Q15. Diluted EPS was $0.73 vs. $1.80 in 1Q15. Operating income was $96MM vs. $244MM in 1Q15. OpEx was $870MM, including $42MM in restructuring and non-cash charges associated with RL's global brand reorganization.
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.