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Homebuilding company $KBH reported an increase in 2Q16 results helped by higher revenues. Net income rose 63% to $15.6MM and diluted EPS grew to $0.17 in 2Q16, with both metrics unfavorably impacted by inventory-related charges. This compares to net income of $9.57MM or $0.10 per share in 2Q15. Total revenues rose 30% to $811.1MM from last year.
$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?
$YHOO is reporting today after market close. Nobody cares about this stock.