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David Wong of Wells Fargo asked whether there are any adjustments to prior period that the company has already recognized payments from LG. $QCOM President Derek Aberle replied that the deal will not result in any modifications or changes to revenue that was previously recorded by the company. Results of this will be reflected in 3Q16, not in 2Q16.
$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.