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$PAYX expects FY17 net income growth of about 8% and total service revenue growth of 7-8%. $PAYX expects payroll service revenue growth of about 4% and HRS revenue growth of 12-14%. Interest on funds held for clients is expected to reflect mid-single-digit growth. The effective income tax rate is expected to be 35.5-36.0%.
$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.