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$PLCE increased adjusted GM by 170BP in 1Q16 to 39.4%. The company increased its adjusted operating margin by 280BP to 9.4%. $PLCE ended 1Q16 with total inventory down 11%. The 2016 inventory management initiatives are on schedule. $PLCE is piloting its markdown optimization initiative in 2Q16 and plans to go live with Phase 1 in 2H16.
$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.