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For 1Q16, $ORLY stated that it grew revenues 10.2% and total GM dollars by 11.2%. The company said that it levered SG&A by 108 BP for the quarter, which exceeded expectations. This leverage is a result of strong comparable sales results, coupled with increased average SG&A per store of 2% in the quarter.
$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?