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For 3Q17, $SMTC expects non-GAAP OpEx to decline slightly versus 2Q17 and GAAP OpEx to decline about 41% due to the impact of the $26MM gain from Snowbush divestiture. Net inventory is expected to rise slightly from 2Q17 levels on absolute dollar. $SMTC expects GAAP tax rate to be about 20% for 3Q17 and in the 24-26% range for FY17.
$PFE has been slapped with a fine of $107 million by the UK for overcharging its epilepsy drug.
President Trump's tweet suggesting cancellation of Air Force One contract with $BA citing high cost has made the headlines. Will it make any impact in the Street for Boeing since the aircraft is meant for the use of President of US?
For the past few quarters $LULU has had a consistent net revenue increase of around 16%, so expecting the same this time around too. Maybe more!!!