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$STX said it lifted 4Q16 revenue guidance to about $2.65Bil from prior forecast of about $2.3Bil, and non-GAAP gross margin outlook to about 25.8% from prior estimate of 23%. The difference in forecast of revenue was driven by better than expected demand for HDD product portfolio. Non-GAAP operating expenses are still expected to be about $440MM.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.