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In 3Q16, $NWS said the company recorded a tax benefit of $98MM on a pre-tax loss of $226MM resulting in an effective tax rate that was higher than the US statutory tax rate. $NWS also paid gross income taxes of $78MM during the nine months ended March 31, 2016 compared to $81MM a year ago and received income tax refunds of $1MM.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?