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For FY17, $PAYX expects net income to increase approx. 7%, updated to reflect the impact of the discrete tax items recognized in the respective first quarter of fiscal years 2017 and 2016. Payroll Service revenue is expected to increase in the range of 3-4% for FY17, while effective income tax rate is expected to be approx. 35%.
$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?