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Semiconductor equipment maker $LRCX reported a jump in 4Q16 earnings driven by higher revenues as well as lower costs and expenses. Net income rose to $258.94MM or $1.46 per share from $131.27MM or $0.74 per share last year. Revenue grew to $1.55Bil from $1.48Bil. Non-GAAP EPS was $315MM or $1.80 per share for 4Q16.
$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?