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Provider of collegiate housing communities $EDR posted higher earnings during 2Q16 due to higher operating income results of 6.1%. Net income was $17.6MM or $0.26 per diluted share vs. $2.9MM or $0.06 per diluted share in 2Q15. Revenue rose 13% to $16.14MM vs. 2Q15, helped by increased collegiate housing leasing revenue in 2Q16.
$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?