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$SJM 1Q16 Call: Non-GAAP operating income increased $81MM or operating margin declined 130BP to 15.5%. Longer-term, we anticipate margins to improve as synergies from integration activities are realized. Our effective tax rate was 38.8% in first quarter and we now expect the full-year effective tax rate to be approximately 35%.
$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.