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Company News For August 18, 2017

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·         Shares of L Brands declined 3.6% after reporting earnings per share of $0.48 for second-quarter fiscal 2017 which declined 31% year over year

·         Automatic Data Processing Inc.’s (ADP - Free Report) shares declined 5.8% after a dispute between the company management and Pershing Square’s Bill Ackman

·         Shares of Alibaba Group (BABA - Free Report) rose 2.9% after reporting first-quarter fiscal 2018 (ended Jun 30, 2017) earnings of $0.94, surpassing the Zacks Consensus Estimate by $0.21

·         NetApp’s (NTAP - Free Report) shares declined 6.7% after the second quarter revenues decreased 10.5% from the previous quarter to $1.33 billion


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