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$EXPR's merchandise margin for 2Q16 fell by 200 basis points due to increased markdowns on clearance items as it focused on positioning inventory for the fall season. Buying and occupancy as a percentage of net sales rose by 120 basis points. In combination, this resulted in 320 basis point decline in gross margin.
$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.