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For FY17, $MOV expects operating income to be $55-60MM. The estimated effective tax rate is approx. 32%. Net income is planned to be $36.5-40MM. Capex is expected to be approx. $12MM. The guidance excludes the $1.8MM pretax charge recorded in 1Q17.
$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.