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For FY16, $STZ now sees comparable EPS of $5.00-5.20 and reported EPS of $4.73-4.93; CapEx expectation is of about $1.05-1.15Bil. The beer business still sees net sales growth of about 10% but now sees operating income growth in the 15-18% range. For wine and spirits, net sales & operating income growth is expected in low-to-mid single-digit range.
$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?