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For 4Q16, $ABT forecasts adjusted EPS of $0.64-0.66 and operational sales growth is forecast to be mid-single digits. The company expects adjusted gross margin ratio of somewhat above 57%, adjusted R&D investment of somewhat above 6.5% of sales and adjusted SG&A expense of around 28% of sales. Specified items are projected to be $0.25 in 4Q16.
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.