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$ADI, which competes with $TXN, $NXPI and $STM, said that it repurchased $132MM of its shares in response to stock price volatility, which helped reduce the company's share count by approx. 1%. 1Q16 revenue totaled $769MM and diluted EPS was $0.56. GM of 62.2% fell 350 BP from 4Q15 primarily on higher inventory reserves and lower utilization rates.
$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?