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$SJM 1Q16 PR: Gross profit for quarter was $782.7MM compared to $479MM in first quarter of 2015. Operating income for quarter was $267.1MM compared to $192MM in first quarter of 2015. Gross profit increased $250MM, or 52%; &non-GAAP gross profit increased $241.3MM, or 48%. Operating income increased $75.5MM, or 39%, reflecting addition of Big Heart
$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?