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$MSM said in 4Q16 it expects gross margins of 44.9% plus or minus 20 BPs, which is down 10 BPs from 3Q16. 4Q16 OpEx is expected to be roughly $13MM higher than in 3Q16. 4Q16 OpEx is expected to be flat sequentially and down YonY. Operating margin is expected to be about 13.1%, at the midpoint of guidance.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$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.