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Industrial products maker $DOV reported 2Q16 net income of $118.3MM or $0.76 per diluted share, down 64.4% versus $332.4MM or $2.10 per diluted share in 2Q15, hurt by lower revenue and higher SG&A expense. Previous quarter also benefited from $176.8MM of earnings from discontinued operations. Revenue fell 4.1% to $1.7Bil in the quarter.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.