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For 1Q16, $CDNS said that its total revenue was $448MM, up 9% YoverY. Non-GAAP operating margin was 26% vs. 23% in 1Q15. Timing of revenue and expenses contributed to the higher-than-expected margin for the quarter. Non-GAAP diluted EPS was $0.28, up 22% vs. 1Q15. Operating cash flow was $83MM.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!