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Media company $SNI reported a 4.7% decline in 2Q16 earnings due to large gain on derivatives related to TVN acquisition recognized in last year, additional interest expenses and loss on investment realized in 2Q16. Net income slid to $184.61MM or $1.42 per share from $193.72MM or $1.49 per share last year. Adjusted EPS grew to $1.58 from $1.47.
$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?