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Ready-to-eat cereal maker $K posted a rise in 2Q16 earnings on lower one-time costs and higher profit margins. Net income rose to $280MM or $0.79 per share from $223MM or $0.63 per share last year. Net sales fell 6.6% to $3.27Bil. Comparable EPS slid 1.1% to $0.91, due to negative impact of currency translation from Venezuelan business.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.