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$RL 1Q16 Call: Gross profit margin was 59.8%, excluding restructuring-related non-cash charges of $3MM. This was 120 BPs below 1Q15. The decline in gross profit margin was due to unfavorable foreign currency effects. Operating margin was 8.8%, excluding restructuring and related non-cash charges. This was 550 BPs below 1Q15.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.