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$TJX 2Q16 Call: Expects 3Q16 EPS to be $0.80-0.82 vs. $0.85 per share in 2Q15. This guidance assumes an expected negative impact EPS growth of about 8%. Modeling 3Q16 consolidated sales in $7.6-7.7Bil range. This guidance assumes a 3% negative impact to reported revenue due to translational FX. Expects 3Q16 gross profit margin to be 28.5-28.7%.
$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.