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Chocolates and confectionery maker $HSY reported net income of $146MM or $0.68 per share in 2Q16 compared to a net loss of $99.9MM or $0.47 per share in 2Q15, helped by higher sales. Consolidated net sales were $1.63Bil, up 3.7% versus 2Q15. Excluding an 0.8 point headwind from FX, net sales grew 4.5% from last year.
$AAL is getting stronger into Dec. after a strong Nov..!! I’m feeling confident about their 4Q revenue forecast for a margin rise.
$KO’s CEO Muhtar Kent to step down next year. COO James Quincey will take the helm in what is already a smooth sailing scenario. And as always, shares reflect by growing 2% after the market opened.