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For FY17, $RT expects to incur pretax charges of $33-42MM related to the Asset Rationalization Plan. Company expects pre-tax benefits to be $16-19MM, with $9-12MM recorded in FY17. $RT expects commodity inflation to be about 1%. FY17 contains a 53rd week in 4Q, and company expects the 53rd week to represent incremental adjusted EPS of about $0.02.
$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.