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Electrical equipment maker $AZZ reported a drop in 2Q17 earnings due to lower volumes from continuing effects of depressed markets in oil and gas, petrochemical, and solar for Galvanizing segment. Net income fell to $10.02MM or $0.38 per share from $17.24MM or $0.67 per share last year. Net sales dropped 9% to $195.05MM.
$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.