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During 1Q16, $BLL announced the closure of the Weirton, West Virginia plant, which will cease production in early 2017. 1Q16 charges of $9MM were comprised of employee severance and benefits, facility shutdown costs, and asset impairment and disposal costs. Other charges in the quarter included $5MM of insignificant activities.
$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?
$YHOO is reporting today after market close. Nobody cares about this stock.