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$SWKS said that 3Q16 OpEx was $107.6MM comprising of R&D expense of $70.2MM and SG&A expense of $37.4MM. The company generated $274.7MM of operating income translating into a 36.5% operating margin. Cash tax rate was 12.7% for the quarter and $SWKS projects it to be lower at 14% for FY16.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?