$NSC's railway operating expenses for 2015 declined by 5% from last year. The decreases in fuel costs and incentive compensation were offset in part by costs associated with the TCS restructuring and closure of its Roanoke, Virginia corporate office, in addition to higher wage rates.
For 4Q16, $AVGO’s revenues came in at the top end of guidance,
primarily due to better seasonality from the Wireless and Enterprise Storage
segments. The Wired segment represented 50% of total revenue. The company
benefited from increased demand for networking ASICs into data centers and
strong fiber optic shipments into metro networks.
$CAG, which completed the spin-off of its Lamb Weston business on Nov. 9, 2016 declared its first dividend since the completion of the spin-off. A dividend of $0.20 per share of $CAG common stock will be paid on March 1, 2017, to stockholders of record as of Jan. 30, 2017.
$FRED reported sales for four-week fiscal month ended Nov. 26, 2016 of $159.7MM, down 3.6% from $165.7MM in Nov. 2015. Comparable store sales for Nov. declined 2.9% compared to an increase of 1.7% in the year-earlier month.
Discount retailer $FRED reported a loss for 3Q16, due to charges
totaling $38MM after tax, mainly related to inventory
write-downs and closing of 40 stores scheduled to occur in 1H17. $FRED reported
a net loss of $38.4MM or $1.05 per share compared to a net income of $1.44MM or
$0.04 per share in 3Q15. Revenue fell 4.5% to $516.65MM.