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Operator of chain of discount stores $FIVE posted higher earnings in 2Q16 due to continued strength in new store performance and positive comp growth accompanied by operating margin expansion. Net income was $9.8MM or $0.18 per diluted share vs. $7.06MM or $0.13 per diluted share in 2Q15. Net sales rose 20.8% to $220.1MM vs. 2Q15.
$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?