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During 1Q16, $WDC shipped 51.7MM hard drives at an average selling price of $60. Non-GAAP gross margin was 28.9% and operating expenses were $567MM. Tax expense during the quarter was $31MM or 8% of non-GAAP pre-tax income. $WDC generated $545MM in cash from operation and free cash flow at the quarter end was $394MM.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.