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In 3Q16, $COO's non-GAAP GM grew to 63.6%, mainly due to a favorable mix by Biofinity and favorable FX. Non-GAAP SG&A grew about 8% and non-GAAP R&D fell 2%. Consolidated GAAP operating income and margin were $102.7MM and 19.9% of revenue versus $50.3MM and 10.9% of revenue in 3Q15. Effective tax rate was 7.7% in the quarter.
Jeff Bezos, my inspiration next to Steve Jobs is going to review the Everything Store $AMZN's financial results today after hours. As an investor/user, I like Amazon Prime and it's success over several parts of the world. What's your take on Amazon?
Of all the Wall St firms out there, Goldman Sachs $GS is the most revered for the way they're run - hiring the best, highly competitive, a closely-knit peer group and making tons of profits for the shareholders. An interesting interview of its CEO Llyod Blankfein by Carlyle groups chief David Rubenstein
Great results from $TSLA, however the question remains if Tesla can continue to scale up to produce the cars in the quantity it promises. Model 3 numbers need to be in multiples of what they are producing right now. Wish them the best, will keep an eye as I am still not convinced that they can scale easily.
Watching $TSLA Oct 28th $215 Calls for possible entry