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$EA expects 2Q17 GAAP net revenue to be approx. $915MM. The company expects net loss to be approx. $51MM or $0.17 per diluted share in 2Q17. $EA estimates a GAAP basic and diluted share count of 302MM shares due to a forecasted net loss. If the company reports net income, diluted share count for calculating diluted EPS would be 315MM shares.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.