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IT products distributor $TECD reported a decline in 2Q17 earnings as the year ago earnings included the LCD settlement gains. $TECD said net income fell to 39.27% to $46.4MM or $1.31 per share from $76.41MM or $2.09 per share a year ago. Net sales fell 3.4% to $6.36Bil from $6.58Bil. Excluding items, $TECD earned $1.42 per share.
$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?