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$RT updated its FY16 adjusted net income per share guidance to $0.05-0.08. FY16 same-restaurant sales is expected to be down approx. 1%. $RT expects a net reduction of 11-14 corporate-owned Ruby Tuesday restaurants and a restaurant level margin of 16.7-17% in FY16. SG&A will be $110-112MM and Capex will be $34-36MM in FY16.
$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?