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UBS analyst Mike Binetti asks how much of Calvin Klein's implied revenue decline of 6% is non-recurring items that's holding back the growth rate for 4Q16. $PVH says that in 3Q16, it will execute on Mexico agreement at Calvin Klein that will move this business to a JV. The company will have about $40MM revenue hit in 2H16.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.