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$ADI expects 3Q16 revenue of $800-840MM, EPS of $0.60-0.68 and non-GAAP EPS of $0.66-0.74. For 3Q16, the company expects gross margin to be stable sequentially and operating expenses to be slightly up from last quarter. $ADI projects 3Q16 interest and other expense of $13MM, tax rate of about 13.5% and non-GAAP tax rate of about 12.5%.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.