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$NKE's gross margin for 2Q16 expanded 50 basis points to 45.6%, primarily driven by higher average selling prices, partially offset by higher product input cost and unfavorable foreign exchange. Operating overhead expense increased 7%, reflecting continued growth in the Direct To Consumer business and investments in operational infrastructure.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.