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$SWKS's gross profit rose 52% in FY15 compared to FY14. The increase was primarily the result of higher unit volumes, lower overall per unit material & manufacturing costs with an aggregate gross profit benefit of $687.8MM. In FY15 factors helping gross profit growth helped gross profit margin to increase to 47.7% of net revenue from 44.6% in FY14.
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.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.
$C gets hit with a $25 million fine for spoofing charges. Interesting! This is the first time a bank has been hit with such charges.