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For 2016, $GD expects revenues to be about $31.5Bil, operating margins to be 13.7-13.8%, net income to be slightly more than $3Bil and return on sales to be around 9.6%. 3Q16 is expected to be slightly weaker than 2Q16 while 4Q16 is expected to be strong.
$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?