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$WDC 4Q15 Call: Shipped a total of 48.5MM hard drives at an average selling price of $60. Non-GAAP GM was 29.8% and OpEx totaled $560MM. Tax expense was $27MM or 7% of non-GAAP pre-tax income. Non-GAAP net income was $356MM or $1.51 per share. Generated $488MM in cash from operations and free cash flow totaled $332MM. CapEx totaled $156MM.
$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?