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$NKE, world's largest sporting goods maker, reported lower 4Q16 results, hurt by revenue growth, which was more than offset by lower GM, higher SG&A expense and a higher tax rate. $NKE said net income fell 2.1% to $846MM, or $0.49 per share from $865MM or $0.49 per share a year ago. Revenue rose 5.97% to $8.24Bil, helped by strong global demand.
$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?