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The payroll and HR company $ADP reported an increase in 1Q16 earnings on higher revenue and lower effective tax rate. Earnings rose to $336.6MM or $0.72 per share from $295.2MM or $0.61 per share last year. Revenue grew 6% to $2.71Bil and rose 9% on a constant dollar basis. Adjusted EPS rose 10% to $0.68.
$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?