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Tech giant $CSCO registered a YoverY profit growth of 33% and revenue growth of 4% in 1Q16. Net income was $2.4Bil and EPS was $0.48 in the quarter. Revenue was $12.7Bil, driven by a 4% growth in product revenue and a 1% growth in service revenue. In terms of revenue by geographic segment, Americas was up 4%, and each of EMEA and APJC was up 3%.
$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?