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$JNJ's CFO Dominic Caruso said that the company expects transaction currency impacts to negatively impact gross margin by approx. 60-80BP in 2016 compared to last year. On the other hand, operating margin on a pre-tax basis is expected to expand by more than 200 BP in 2016.
$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?