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Telecom network equipment supplier $CIEN reported lower earnings in 2Q16, hurt by higher OpEx and lower income from operations. 2Q16 net income was $14MM or $0.10 per diluted common share versus $20.7MM or $0.17 per diluted common share in 2Q15. Revenue was $640.7MM in the quarter versus $621.6MM last year. Non-GAAP diluted EPS was $0.34 in 2Q16.
$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?