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For 4Q16, $ABT forecasts adjusted EPS of $0.64-0.66 and operational sales growth is forecast to be mid-single digits. The company expects adjusted gross margin ratio of somewhat above 57%, adjusted R&D investment of somewhat above 6.5% of sales and adjusted SG&A expense of around 28% of sales. Specified items are projected to be $0.25 in 4Q16.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!
Construction equipment supplier $URI reported that in U.S., the employment report for September was encouraging. Geographically, the company is experiencing growth in the east and west coast regions. $URI added that in Canada, the economy is challenging. Rental revenue from Canada was down approx. 10% in 3Q16.