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Microchip maker $MCHP posted a 32.2% YoverY drop in 4Q16 net income to $67.4MM, or $0.31 per diluted share, hurt by a weak semiconductor industry backdrop and expenses related to the acquisition activities. Excluding item, $MCHP earned $0.70 per diluted share for the quarter. Net sales grew 2.7% YoverY to $557.6MM.
$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?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.