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E-commerce giant $EBAY reported a higher 2Q16 profit, helped by higher revenue and lower expenses. The company reported 2Q16 earnings of $435MM, or $0.38 per share, compared with $83MM, or $0.07 per share a year ago. Revenue rose 7% to $2.23Bil. In the year ago quarter, $EBAY had reported a loss from discontinued operations of $347MM.
$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?