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Horizon Organic milk and Silk beverages maker $WWAV reported a rise in 1Q16 earnings driven by higher sales and 70 basis points of margin expansion. Net income rose to $42.6MM or $0.24 per share from $33.35MM or $0.19 per share last year. Adjusted EPS, excluding China joint venture and on constant currency basis, increased to $0.29 from $0.24.
$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?