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Bonnie Herzog of Wells Fargo asks where will the $3Bil of cash proceeds from the sale of SABMiller be used. CFO Bill Gifford replied that the company has not made decisions around the $3Bil and added that this being excess cash, $MO would assess it based on market conditions at the time and make the appropriate decisions.
$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?