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In 2Q16, $HES' E&P operations were overlifted compared to production by approx. 1.7MM barrels. This had the effect of decreasing 2Q16 net loss by approx. $5MM. The E&P effective income tax rate, excluding items affecting comparability, was a benefit of 47% in the quarter vs. a benefit of 41% in 1Q16.
$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.