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$ARG 1Q16 PR: Diluted EPS was $1.16 vs. $1.18 in 1Q15. ROC was 11.8% for 12 months ended June 30, 2015, down 30BP vs. 12 months ended June 30, 2014. Free cash flow of $120MM was up 15% over 1Q15. Company expects FY16 diluted EPS to be $4.90-5.05, up 1-4% over FY15. Expects 2Q16 diluted EPS to be $1.28-1.33.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.
$C gets hit with a $25 million fine for spoofing charges. Interesting! This is the first time a bank has been hit with such charges.