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Products and services distributor company $DXPE posted lower earnings during 2Q16 due to sequential improvement on GM and reductions within SG&A expenses. Net income was $5.14MM or $0.34 per diluted share vs. $7.14MM or $0.47 per diluted share in 2Q15. Sales fell 20.8% to 256.2MM vs. 2Q15, hurt by lower sales results in its segments.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.