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$MU said that its Mobile Business Unit posted 1Q16 revenue of $834MM, down 13% QoverQ, due to lower volumes and pricing pressures from eMCP market. Non-GAAP operating income was $136MM or 16.3% down from Q4. Embedded Business Unit posted revenue of $479MM, slightly up from Q4 with a 24% increase in non-GAAP operating margin.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.