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$SYMC 1Q16 Call: Non-GAAP operating margin was 27.4%, an increase of 480 BPs YoverY, driven by lower spend as we aligned costs with lower revenue. We will continue to make operational improvements to our business to expand operating margin as we approach longer-term target of 30%. Non-GAAP net income of $275MM resulted in fully diluted EPS of $0.40
$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?