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Railroad freight car equipment maker $GBX reported a decline in 3Q16 earnings due to lower backlog, orders and new railcar deliveries in light of growing industry headwinds. Net income fell to $35.35MM or $1.12 per share from $42.81MM or $1.33 per share last year. Revenue dropped to $612.87MM from $714.61MM.
$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?