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During 3Q16, $URBN's gross profit was up 2% to $288M YoverY. Gross profit rate improved by 11 BPs to 34.9%, driven by 150 BPs improvement in $URBN's maintained margin due to significant improvement in Urban Outfitters brand markdown rate which was partially offset by lower maintained margins in the Anthropologie Group & Free People retail segments.
$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?