Biotechs Butchered As Oil Orgasms In Otherwise Uneventful Day

Jon Alternative Media, Blogosphere, Market Commentary

Update: both YUM and ADBE are crashing at this moment, the first down 16%, the second down 11%, after both admitted they had been “overoptimistic” and cut and guided lower. YUM Q3 revenue was $3.43bn, vs Exp. $3.66bn and EPS was $1.00 vs Exp. $1.06, while ADBE said it now expecteds EPS of $2.70 vs previous expectations of $3.20, on revenue of $5.7bn vs $5.94bn prior.
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After soaring some 100 points since the terrible Friday payrolls data, and nearly 6% in the past week…

This post was published at Zero Hedge on 10/06/2015.