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$JOY said that 2Q16 net sales of $602MM slid 26% from 2Q15, with the Underground & Surface segments down 19% & 33% respectively. Sales of original equipment fell 35%, while service sales fell 22% from 2Q15. After adjusting for foreign currency exchange movements, sales slumped 23%, original equipment fell 33% and service sales fell 19% during 2Q16.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.