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Computer networking company $FFIV reported a decline in 2Q16 earnings due to patent litigation expense, stock-based compensation and amortization of purchased intangible assets. Net income slid to $75.42MM or $1.11 per share from $85.73MM or $1.18 per share last year. Revenue grew to $483.68MM from $472.14MM. Non-GAAP EPS rose to $1.68 from $1.59.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?