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Semiconductor LED materials and devices maker $CREE posted narrowed 4Q16 loss, helped by higher margins and lower expenses. $CREE said net loss improved 87.9% to $10.64MM, or $0.11 per share from a net loss of $88.1MM, or $0.83 per share a year ago. Revenue rose 1.63% to $388.41MM. Excluding items, $CREE earned $0.19 per share.
$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?