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Outdoor advertising company $LAMR reported higher 2Q16 results, helped by sales growth and expense control. $LAMR said net income rose 37.87% to $81.9MM, or $0.94 per share from $59.4MM, or $0.61 per share a year ago. Revenue rose 12.57% to $387.5MM. Adjusted EBITDA rose 13.5% YoverY to $176.4MM.
$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?