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$CL's operating profit grew to $944MM in 2Q16 compared to $932MM in 2Q15. Excluding charges resulting from the 2012 restructuring program in both periods and an effective devaluation in Venezuela in 2015, operating profit was $1Bil in 2Q16. Operating profit margin was 24.6% in the quarter compared to 22.9% in the comparable period last year.
$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?