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Airline holding company $UAL reported a steep fall in 2Q16 profit, hurt by lower revenue and higher income tax expense. The company posted earnings of $588MM, or $1.78 per share, compared with earnings of $1.19Bil, or $3.14 earnings per share a year ago. Revenue fell 5.2% to $9.4Bil while income tax expense jumped to $343MM.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.