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Memory chip designer $RMBS reported a drop in 2Q16 earnings due to higher headcount related costs, rise in amortization expense, higher acquisition-related transaction costs and lower gain from IP sale. Net income fell to $3.88MM or $0.03 per share from $6.86MM or $0.06 per share last year. Non-GAAP EPS increased to $0.15 from $0.13.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?