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$MU posted 2Q16 Compute and Networking business unit revenue of $1.05Bil, down 8% from 1Q16 impacted by lower ASPs and continued softness in demand from the PC segment. The Mobile Business unit posted 2Q16 revenue of $503MM, down 40% from 1Q16 due to delayed customer qualifications and pricing pressure in the eMCP market.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$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?