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Teen clothing retailer $BKE reported a drop in 1Q16 earnings due to lower net sales and comparable store sales. Net income fell to $23.1MM or $0.48 per share from $33.57MM or $0.70 per share last year. Sales dropped to $243.54MM from $271.34MM. Excluding adjustment recorded for estimated future rewards, net sales were down 9.1%.
$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?