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Used-car retailer $KMX posted lower 1Q17 net earnings of $175.4MM or $0.90 per diluted share vs. $182MM or $0.86 per diluted share in 1Q16, hurt by $11.1MM of higher interest expense. Net sales and operating revenues rose 2.8% to $4.13Bil vs. $4.01Bil in 1Q16, helped by increased used vehicle sales of $3.42Bil during the quarter.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?