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$LRCX and $KLAC will be combining to create premier semiconductor equipment company with industry leading and complementary capabilities in wafer processing and process control. $LRCX expect to realize $250MM in annualized cost synergies within 18-24 months of transaction close and $600MM of revenue synergies by 2020.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?