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For 1Q16, $IBM's pre-tax income from continuing operations of $1Bil fell 65.6% YtoY & the pre-tax margin was 5.5%, down 9.8 points. The continuing operations effective tax rate was (95.1%) vs. effective tax rate of 19.5% in 1Q15. The negative tax rate is mainly due to a refund of ($1Bil) of previously paid non-US taxes, plus interest.
Planned to give Apple AirPods as a Christmas present to my beloved one. Looks like I need backup plans as $AAPL is delaying the release..!!
When you fall hard, I think you stay there for a long time.. I am looking at you $FTNT! After it released the earnings, the share price slipped and is staying around $30 for a long time.
$FOXA just entered into a preliminary deal with Sky plc under which it will acquire all shares, or should I say remaining shares for a total value of $23 billion. The sleeping fox catches no poultry, but this fox just caught something that’s a lot bigger than poultry.