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Upscale clothing company $RL reported a drop in 3Q16 earnings due to above-average temperatures, fall in foreign tourist traffic and product assortment challenges in Lauren brand. Net income slid to $131MM or $1.54 per share from $215MM or $2.41 per share last year. Revenue slid by 4% to $1.95Bil. Adjusted EPS was $2.27.
$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?