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$MSI, which acquired U.K.-based Airwave Solutions Ltd recently, said that it expects 2Q16 sales growth to be 1-3%. Airwave revenue is expected to be around $130MM. For 2Q16, non-GAAP EPS is expected to be $0.82-0.88. In 1Q16, $MSI repurchased $64MM of stock. The lower buyback levels were primarily due to Airwave transaction.
$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.