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$TXN reported a 3% decline in 3Q15 earnings due to weak demand and fall in revenue. Net income fell to $798MM from $826MM, while EPS remained flat with last year at $0.76. Revenue slid 2% to $3.43Bil. Gross margin was 58.2% of revenue in 3Q15, reflecting product portfolio quality and efficiency of manufacturing strategy.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?