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For 2016, $LOW expects total sales to grow approx. 6%, including the 53rd week. The 53rd week will increase total sales by about 1.5%. Comparable sales will increase approx. 4%. Diluted EPS is expected to be about $4.00 for the FY ending Feb. 3, 2017. EBIT, as a percentage of sales, will grow 80-90BP. Effective income tax rate will be about 38.1%.
$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?