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Kearney, Nebraska-based $BKE said gross margin for 1Q16 was 38.9%, down approx. 300 BPs from 41.9% for 1Q16. The company added that selling expense for 1Q16 was 19.5% of net sales compared to 18.1% of net sales for 1Q16. General and administrative expenses were 4.4% of net sales, compared to 4.3% of net sales for 1Q15.
$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?