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$URBN 2Q16 Q&A: Commenting to the question from Hutchinson of BofAML about gross margin for FY16, Frank told the company is focused on trying to deliver improvement for 3Q16 & 4Q16 and believe there’s opportunity to drive that growth. Annual gross profit margin rate will depend on the improvement that the company can drive in 3Q16 & 4Q16, he added.
$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.