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Hamburger chain $SHAK reported a jump in 2Q16 earnings driven by higher revenue and same-Shack sales growth of 4.5%. Net income rose to $3.3MM or $0.14 per share from $1.12MM or $0.08 per share last year. Revenues grew to $66.47MM from $48.45MM. Adjusted pro forma EPS increased to $0.14 from $0.09.
$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?