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Quick service restaurants operator $YUM said it posted higher earnings in 2Q16, helped by 32% operating profit growth compared to 2Q15. Net income was $339MM or $0.81 per diluted share compared to $235MM or $0.53 per diluted share last year. Revenue was $3Bil in 2Q16, down 3% from 2Q15. Excluding special items, EPS was $0.75, up 9% from last year.
$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?