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Energy holding company $PNM reported a lower quarterly profit, hurt by a fall in revenue. The company reported 2Q16 earnings attributable to $PNM of $27.07MM, or $0.34 per share, compared with $31.67MM, or $0.40 per share a year ago. Revenue fell 11% to $315.4MM. $PNM also maintained its 2016 earnings guidance of $1.55 to $1.65 per diluted share.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.