Want to join the conversation?
Construction and mining equipment maker $CAT posted lower earnings in 2Q16, hurt by lesser revenue and operating profit compared to 2Q15. Profit for the quarter was $550MM or $0.93 per diluted share compared to $802MM or $1.31 per diluted share a year ago. Total sales and revenues were $10.3Bil, a decline of $1.98Bil or 16% from $12.32Bil in 2Q15.
$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?