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Computer data storage company $WDC reported non-GAAP GM of 28.1% in 3Q16. Company generated $485MM in cash from operations, and free cash flow was $352MM. CapEx was $133MM or 5% of revenue. Company declared a dividend of $0.50 per share, and closed 3Q16 with total cash and cash equivalents of $5.9Bil.
$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?