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$UA 2Q15 Call: GM contracted 80 bps to 48.4% compared to 49.2% in 2Q14. SG&A expenses as a percentage of net revenues deleveraged 80 bps to 44.3% from 43.5% in 2Q14. SG&A cost increased to 32.9% of net revenues from 31.9% in 2Q14. Operating income decreased 8% to $32MM compared to $35MM in 2Q14.
$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.