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Luxury fashion company $COH posted 2Q16 GAAP net income of $170.1MM and diluted EPS was $0.61 vs. $183.5MM or $0.66 per diluted share in 2Q15. 2Q16 The earnings included the contribution from Stuart Weitzman. Non-GAAP EPS was $0.68 for the quarter. Net sales were $1.27Bil, up 7% in constant currency and up 4% on a reported basis vs. 2Q15.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?