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$MDT, which competes with $STJ, $JNJ and $BSX, said that 4Q16 operating margin was 31.8% on a constant currency basis, representing a 210 BP constant currency improvement over 4Q15. Operating margin included GM of 69.8%, SG&A of 31.1% and R&D of 7.4%, all on a constant currency basis, as well as net other income of $21MM.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!
Construction equipment supplier $URI reported that in U.S., the employment report for September was encouraging. Geographically, the company is experiencing growth in the east and west coast regions. $URI added that in Canada, the economy is challenging. Rental revenue from Canada was down approx. 10% in 3Q16.