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$BBBY 1Q15 Call – Sue, CFO: Overall, we’re pleased with our 1Q15 results. Gross profit was approx. 38.1% of net sales compared to approx. 38.8% in 1Q14. Selling, general, and administrative expenses for 1Q15 were approx. 28.1% of net sales, as compared to 27.5% in 1Q14. The 1Q15 operating profit margin of 10% was approx. 130 BP lower vs. 1Q14.
$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?