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Perfume maker $IPAR reported a decline in 1Q16 earnings due to higher selling, general and administrative expenses as well as a rise in income taxes. Net income fell to $7.33MM or $0.24 per share from $10.01MM or $0.32 per share last year. Net sales grew to $111.52MM from $109.25MM. Adjusted EPS decreased to $0.28 from $0.32.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.