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Schaumburg, Illinois-based $MSI said the company expects operating expenses to be $1.45Bil for FY16, down $120MM vs. 2015, inclusive of Airwave. Also for FY16, adjusted EBITDA is expected in the range of $1.62-1.66Bil, an increase of approx. 25%. Operating cash flow is expected to be $1.1-1.2Bil and free cash flow of $825-900MM for FY16.
$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?