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$PCP 1Q16 Call: Segment operating income fell 16% to $619MM vs. $737MM in 1Q15, reducing operating margins by 350 BP YoverY to 25.7% vs. 29.2% in 1Q15. Aerospace sales were down 1%, but large commerical sales were higher by 3%. Power sales were down 17%, driven entirely by 38% decline in oil & gas and other.
$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?