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$ADI 3Q15 Call: OpEx increased 2% sequentially, lagging well behind 5% sequential increase in revenue. Operating profit as a percent of sales has been on a steady march upward starting in 1Q14 when it was 29% of sales. In 3Q15 operating profit was approx. 500 BPs higher at 34.2% of sales. Other expense was approx. $6MM. Tax rate was approx. 15%.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.