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Chipmaker $SWKS reported a decline in 3Q16 earnings due to lower revenue as well as higher operating expenses. Net income fell to $185MM or $0.97 per share from $207.4MM or $1.06 per share last year. Net revenue dropped to $751.7MM from $810MM. Non-GAAP EPS decreased to $1.24 from $1.34.
$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?