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$CREE's LED Products revenue was $137MM, and gross profit was $42MM or a 30.4% for 1Q17, all of which were at the upper end of the company's targeted range. Unallocated costs totaled $2MM for 1Q17 and are included to reconcile to the company's $89M non-GAAP gross profit, for a 27.7% gross margin.
$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.
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?