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$CSCO expects 1Q17 revenue growth to be negative 1% to positive 1% YoverY, which is normalized to exclude SP Video CPE Business for 1Q16. Non-GAAP gross margin rate is expected to be 63-64% and operating margin rate will be 29-30% in 1Q17. The company expects non-GAAP EPS to be in the range of $0.58-0.60, and GAAP EPS to be $0.42-0.47 in 1Q17.
$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?