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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.
Jeff Bezos, my inspiration next to Steve Jobs is going to review the Everything Store $AMZN's financial results today after hours. As an investor/user, I like Amazon Prime and it's success over several parts of the world. What's your take on Amazon?
Of all the Wall St firms out there, Goldman Sachs $GS is the most revered for the way they're run - hiring the best, highly competitive, a closely-knit peer group and making tons of profits for the shareholders. An interesting interview of its CEO Llyod Blankfein by Carlyle groups chief David Rubenstein
Great results from $TSLA, however the question remains if Tesla can continue to scale up to produce the cars in the quantity it promises. Model 3 numbers need to be in multiples of what they are producing right now. Wish them the best, will keep an eye as I am still not convinced that they can scale easily.
Watching $TSLA Oct 28th $215 Calls for possible entry