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$LRCX said that 4Q16 operating income was strong at $359MM, up 48% vs. $242MM in 3Q16. Operating margin rose from 18.4% to 23.2%, above the high end of the guided range as a result of higher revenue and strong GM. The company's tax rate came in at 10%, which was lower than the 14% rate in 3Q16 mainly due to more income from lower tax jurisdictions.
$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?