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Menomonee Falls, Wisconsin-based $ATU posted 2Q16 net loss of $159.2MM or $2.70 per share compared to a loss of $64.8MM or $1.05 per share in the same period last year. Consolidated sales fell 13% from last year to $263MM. Excluding impairment charges and FY16 restructuring costs, 2Q16 EPS was $0.21 compared to $0.28 in 2Q15.
$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.