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Mario Contreras of Deutsche Bank asks about the increased confidence around the high end of the guidance range. $MKC said that the underlying business is performing well. And from a math perspective, $MKC said the tax rate was the biggest headwind in the first part of the year and the company has pretty much gone through that now.
$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.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.