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$TSCO's gross profit increased 11.2% to $494.4MM for 1Q16 from 1Q15. As a percent of net sales, GM increased 30BP to 33.7% from the prior year. The increase in GM was driven primarily by improved merchandise margin, partially offset by increased transportation costs. Net income increased 16.6% to $67.7MM or $0.50 per diluted share in 1Q16.
$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?