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$COO expects OpEx to be slightly under 39% for 4Q16 and FY16. Operating margin is expected to be around 26% in 4Q16 and in the mid-24% range for FY16. Interest expense is expected to be a little over $7MM in 4Q16 and slightly over $28MM for FY16. Effective tax rate is expected to be 10.5-11.0% for 4Q16 and 8% 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?