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Equity-method investment earnings were $24MM for 1Q17 and $37MM in 1Q16. The decline principally reflects lower profits from $CAG's Ardent Mills joint venture. Adjusted corporate expenses were $38MM in the quarter versus $66MM in the year ago quarter. Advertising and promotion expense was $69MM, down 18% from the prior year quarter.
$AAL is getting stronger into Dec. after a strong Nov..!! I’m feeling confident about their 4Q revenue forecast for a margin rise.
$KO’s CEO Muhtar Kent to step down next year. COO James Quincey will take the helm in what is already a smooth sailing scenario. And as always, shares reflect by growing 2% after the market opened.