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$KLAC 4Q15 Call: Gross margin was 58.5%, a 150BP improvement vs. March quarter benefiting from a more favorable product mix & service mix than originally modeled. Expect gross margin in the range of 56-57% in September, largely a function of lower expected revenue levels for the quarter but in the range of 60-70% incremental gross margin model.
$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?