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EMC Beats the Street

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  • Description

    FBN's Diane Macedo breaks down EMC's earnings.

  • Duration 1:28
  • Date

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Hi everyone we -- earnings in from EMC the data storage companies reporting an adjusted profit of 64 cents a share topping the estimate for 52 cents.

Revenue came minutes six point 03 billion dollars those also beat the expectation was for five point 98 billion.

Meanwhile there's good news for -- ringing and you'll little fans and to keep foods the maker of little -- -- Has agreed to pay -- 27 and a half million dollars.

For the Drake snack cake brand and some equipment separately United States bakery agreed to pay nearly 29 billion dollars for three opposed to spread brands.

Along with four billion that is along with four bakeries fourteen depots and equipment.

Hostess has asked the US bankruptcy court for permission to proceed with an option for the brands.

Assuming -- can find other qualified bids generally bids like the ones made by the keep foods and United States bakery.

Are used as the starting price.

Bausch and mom's private equity owner reportedly could be eyeing an IPO.

The Wall Street Journal reports Warburg Pincus is considering an initial public offering after potential buyers for Bausch and -- Didn't want to pay an asking price of at least ten billion dollars sources say five companies including Johnson Johnson.

Abbott Laboratories and -- senate be expressed interest but without a deal.

The journal says -- a high likelihood Warburg Pincus which took Bausch and -- private in 2000 settle seven will launch IPO this spring or fall.

Here's a quick look at futures got red arrows across the board Imus in the morning continues right now.

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