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$AVY said it now expects that currency translation will reduce net sales by approx. 2.5% and pre-tax earnings by roughly $18MM for an estimated $0.13 per share, $0.02 worse than April 2016 guidance. The company stated that it has reduced its estimate for severance and other restructuring-related costs included in reported EPS by approx. $0.05.
$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?