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During 3Q16, $BRCD's revenue of $591MM was up 7% YoverY and up 13% sequentially. This includes Ruckus' product & service revenue of approx. $78MM. Non-GAAP diluted EPS was $0.21, down from 27% in 3Q15. Operating cash flow of $33M was below the outlook due mainly to payments made related to the Ruckus acquisition and higher DSOs.
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.