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$WFM, a retailer of natural and organic foods, reported a drop in net income in 2Q16, hurt by higher expense. Net income slid to $142MM in 2Q16 compared to $158MM a year ago. EPS remained flat at $0.44. Revenue grew 1.3% to $3.7Bil compared to prior year quarter. Comparable store sales decreased 3%.
$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?