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Specialty food packaging company $SEE signed an agreement to sell its European food trays business to Faerch Plast A/S, a European food packaging solutions provider. Transaction includes $SEE's manufacturing facilities in Poole, UK and Bunol & is expected to close in 4Q15. $SEE's European food trays business has generated $71MM in revenue in FY14.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$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?