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During 2015, $EMC initiated a cost reduction and business transformation program. The company expects the $850MM reduction in its annual cost base to be achieved in 2017. As part of this cost reduction plan, in 4Q15 $EMC approved a restructuring plan consisting of a reduction in force to be substantially completed by the end of 1Q16.
$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?