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$SMRT said that for FY16, the company continues to expect new stores to increase sales an estimated 4% above the comparable store sales results for the full year. Gross profit rate is expected to be 50 BP higher than in 2015 as the company return to more normal markdown levels in 4Q16. SG&A expense for FY16 is expected to be approx. $360MM.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?