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$COH expects FY17 revenue to increase by low-to-mid single digits, including a foreign currency benefit of about 100-150 BPs. Company expects operating margin to be 18.5-19.0%. Interest expense is expected to be about $25MM while tax rate is projected at about 28%. Company expects double-digit growth in both net income and diluted EPS.
$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?