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Apparel retailer $SMRT reported a rise in 1Q16 earnings as it maintained its gross profit rate and controlling expenses on slightly higher total sales driven by its new stores. Net income rose to $13.73MM or $0.30 per share from $13.56MM or $0.29 per share last year. Net sales grew to $355.71MM from $353.52MM. Comparable store sales fell 3.4%.
$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?