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Technology company $TEL said that 2Q16 adjusted EPS of $0.90 was $0.02 better than the midpoint of its guidance on sales of $2.95Bil, which was slightly below the midpoint of the guidance. On a constant currency basis, adjusted EPS was up 1% YoverY. Adjusted operating margins were 14.9%, while adjusted EBITDA margin was approx. 20% for the quarter.
$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.