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Profit for the world's largest sporting goods maker $NKE grew 20% YoverY in 2Q16. Net income rose to $785MM, or $0.90 per diluted share, from $655MM, or $0.74 per diluted share, a year ago. Revenue for the quarter increased 4% to $7.7Bil, up 12% on a currency neutral basis. Revenue for the NIKE Brand was $7.3Bil and Converse was $398MM.
$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.