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$ABC's gross profit for 2Q16 increased by 17.9% from last year. The increases were due to the rise in gross profit of Other and of Pharmaceutical Distribution, as well as decrease in LIFO expense, which were primarily due to lower brand inflation and higher generic drug deflation.
$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.