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Analog chip maker $LLTC said that 3Q16 GM rose to 76.2% from 75.7% in 3Q15, benefiting from the higher sales base of full quarter production in fabs and certain other manufacturing efficiencies. Operating margin rose to 45% of sales from 43.1% in 3Q15, helped by the higher GM and one less week of OpEx as $LLTC had 14 weeks in 2Q16.
$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?