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$SCSC said 4Q16 adjusted operating income of $18.9MM was 2.1% of net sales. Adjusted operating margins for the Worldwide Barcode and Security segment decreased 71BP. Adjusted operating margins for the Worldwide Communications & Services segment decreased 200BP due to lower gross margins. Effective tax rate was 30.5%.
$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?