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Fast food restaurant chain $WEN reported a lower quarterly profit as lesser number of restaurants in the quarter reduced its revenue by 21.8%. The company reported 2Q16 earnings of $26.48MM, or $0.10 per share, compared with $40.20MM, or $0.11 per share a year ago. Income from cont. ops however rose by 7% as the company managed to cut costs by 25%.
$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?