Want to join the conversation?
$BF.A 1Q16 PR: Reported net sales down 2% to $900MM, but up 7% on an underlying basis, compared to $921MM in the prior year period. Reported operating income up 3% to $227MM, an increase of 9% on an underlying basis, compared to $221MM in the prior year period. Net income for the quarter was up by 4% to $156MM vs. $150MM in the prior year period.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.