For FY16, $SBUX expects revenue growth in excess of 10%, with the 53rd week contributing additional 2%. For FY16, foreign currency translation is expected to negatively impact revenue by 1-2%. EPS is expected to be $1.85-1.86 in FY16.
$UDR established an unsecured commercial paper program in the U.S. Under the terms of the program, the company may issue unsecured commercial paper notes up to a maximum aggregate outstanding of $500MM. The proceeds will be used for general corporate purposes.
$LMOS completed acquisition of Clarity Communications Group, in line with prior guidance of a 1Q17 closing. Clarity operates a 730 mile fiber network with 75 on-net locations with the vast majority of its operations in the state of North Carolina.
Insurance company $BRO reported a decline in 4Q16 earnings. Net income
was $57.7MM, a decrease of 0.7%, and diluted EPS was $0.41, unchanged from 4Q15.
Revenues for 4Q16 were $433.6MM, an increase of 7.1%, compared to 4Q15. Organic
revenue increased by 3.5% in 4Q16.