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Footwear maker $WWW reported a rise in 3Q16 earnings driven by lower costs and expenses as well lower income tax expense despite a 11.1% drop in revenue. Net income rose to $48.2MM or $0.49 per share from $46MM or $0.44 per share last year. Revenue fell to $603.7MM from $678.9MM. Underlying revenue declined 8.6%.
$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?