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Lighting maker $AYI reported a 15% growth in 3Q16 earnings driven by higher sales and volume growth. Net income rose to $74MM or $1.69 per share from $64.5MM or $1.48 per share last year. Net sales grew to $851.5MM from $683.7MM, primarily due to 16% jump in volume and 12% increase from acquisitions. Adjusted EPS increased to $2.06 from $1.47.
$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?