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$TUP, a direct seller of plastic storage containers and cosmetics, reported a 16% drop in 2Q16 earnings due to lower sales from Europe and Beauty North America. Net income fell to $52.4MM or $1.03 per share from $62MM or $1.23 per share. Net sales slid 4% to $564.7MM, due to a 7 point hit from exchange rates. Adjusted EPS rose to $1.16 from $1.07.
$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?