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Apparel retailer $SMRT reported lower 2Q16 results hurt by higher expenses and lower operating income. $SMRT said net income fell 26.4% to $3.01MM, or $0.06 per share from $4.09MM, or $0.09 per share a year ago. Total sales for the quarter grew 2.62% to $319.76MM from $311.58MM, while comparable store sales fell 1.4%.
$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?