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On a GAAP basis, $LII's operating income rose 24% to a record of $157MM in 3Q16 and operating margins expanded 220 BPs to a record of 15.5%. The company saw strong margin expansion and profit growth across all three of its businesses to set new 3Q highs for $LII. Total segment profit rose 20% to a 3Q record of $157MM, and segment margin was 15.6%.
$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?