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$TSN 3Q15 Call: Revenues grew 4% to $10.1Bil vs. 3Q14 with adjusted return on sales of 5.6%. YTD adjusted EPS is $2.32 or a 12% increase vs. 3Q14 or $2.07. Operating cash flow through three quarters was approx. $1.7Bil & spent $636MM on capital expenditures, which was $189MM greater than depreciation. Our effective tax rate in the 3Q15 was 33.6%.
$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?