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$HD's 1Q16 gross profit rose 8.5% to $7.8Bil from $7.2Bil in the year ago quarter. Gross Profit as a percent of net sales, or gross profit margin, fell 13 BP to 34.2% for the quarter compared to 34.4% for 1Q15. The decrease in the quarter reflects the impact of Interline, which has a lower gross profit margin.
$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?