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Maker of spirits and wine $BF.A $BF.B said that 1Q17 underlying net sales excluding excess taxes grew 2%. The company stopped distributing some agency brands, which negatively impacted topline growth, but had little impact on the bottom line. Global results were down by disappointing performance in emerging markets. US underlying net sales grew 5%.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.