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Beverage alcohol company $STZ reported a rise in 2Q17 earnings driven by strong consumer demand, improved margins across its business and higher sales. Net income rose to $358.9MM or $1.75 per Class A common share from $302.4MM or $1.49 per Class A common share last year. Sales grew to $2.02Bil from $1.73Bil. Comparable EPS increased 13% to $1.77.
$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?