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$VRA expects 3Q17 net revenues of $128-133MM, gross margin of 58-58.5% and EPS of $0.22-0.24. The EPS forecast is based on diluted weighted-average shares outstanding of 36.6MM and an effective tax rate of 38.1%. The company predicts selling, general and administrative expenses as percentage of revenue of 47.6-48.6% and inventory of $95-100MM.
$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?