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$SWKS expects 3Q16 GM to be 51%, up 200 BP versus 4Q15, and OpEx flat versus 2Q16 at about $108.5MM. Company expects about $1MM in interest and other expenses, and a cash tax rate of 14.5-15.0%. Tax rate is expected to remain in this range for remainder of FY16. Company expects share count to be about 192.5MM shares in 3Q16.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.