Want to join the conversation?
$COO expects OpEx to be slightly under 39% for 4Q16 and FY16. Operating margin is expected to be around 26% in 4Q16 and in the mid-24% range for FY16. Interest expense is expected to be a little over $7MM in 4Q16 and slightly over $28MM for FY16. Effective tax rate is expected to be 10.5-11.0% for 4Q16 and 8% for FY16.
$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.