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Financial and tax preparation software developer $INTU posted strong earnings in 3Q16, driven by an after-tax gain of $176MM on the divestiture of Quicken, QuickBase and Demandforce. Net income was $1.03Bil or $3.94 per diluted share versus $501MM or $1.78 per diluted share in 3Q15. Revenue of $2.3Bil was up 8% in 3Q16 and non-GAAP EPS was $3.43.
$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?