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Express delivery service provider $FDX posted lower 3Q16 earnings, hurt by certain legal matter expenses and pending acquisition of TNT Express. $FDX reported net income of $507MM, or $1.84 per diluted share, down 19% from $628MM, or $2.18 per diluted share, in 3Q15. Revenue grew 8% YoverY to $12.6Bil. Excluding items, $FDX earned $2.51 per share.
$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.