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$CMG, owner of Pizzeria Locale, reported lower 4Q15 results, hurt by lower comp restaurant sales related to food-borne illness incidents in its restaurants. $CMG said net income fell 44% to $67.9MM, or $2.17 per share compared to $121.23MM or $3.84 per share in 4Q14. Revenue fell 6.8% to $997.5MM. Excluding items, $CMG earned $2.19 per share.
$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.