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Specialty retailer $FRAN reported net income of $7.08MM or $0.18 per share in 1Q16 compared to $7.2MM or $0.17 per share in 1Q15. Net sales grew 12% to $106.1MM versus last year. This increase was due to a 2% increase in comparable sales driven by an increase in the number of transactions and the opening of new boutiques.
$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?