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During 1Q17, $VOXX GM came in at 29.7% vs. 29.2% for 1Q16, up 50 BP. The increase was mainly due to higher margins in the Premium Audio segment, given the introduction of new product lines and a shift in product mix. Automotive GM fell 30 BP to 30%, while Premium Audio GM rose 250 BP to 34.6%. Consumer Accessories GM was 24.7% for the quarter.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.