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For 2Q16, $EA's non-GAAP gross margin was 65.4%, a decrease from last year's 66.1%, but above guidance of 63%. About 100BPs of the margin outperformance this quarter was driven by the $30MM and high margin revenue. A stronger than expected product and service mix also drove margin above guidance.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.