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Chip-maker $MU said that its 1Q16 earnings dipped 79% to $206MM, or $0.19 per share compared to $1,003MM, or $0.84 per share a year ago, hurt by a steep decline in gross margin of 48% and decline in DRAM average selling prices. During the reported quarter, the company's revenue fell 27% YoverY to $3.35Bil.
$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?