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For 2016, $VFC expects revenue to increase at a mid-single-digit percentage rate, including about 1% of negative impact from FX. GM is expected to grow by about 50BP to 48.8%. Operating margin is expected to reach 14.4%. EPS is expected to increase 11% on a currency neutral basis and 5% as reported. Cash flow from operations will be $1.3Bil.
$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?