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$MCHP 1Q16 Call: On a GAAP basis, gross margin, including share-based compensation and acquisition related expenses, were 57.9% in the June quarter. Total operating expenses on GAAP basis were 187.7MM or 35.2% of sales. GAAP tax benefit rate for 1Q16 was 9.1%.
$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?