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Chip equipment maker $LRCX reported lower 1Q16 results, hurt by lower demand and higher expenses. The company posted earnings of $143.5MM, or $0.82 per share, compared with $206.3MM, or $1.16 per share a year ago. Revenue fell 8% to $1.31Bil. Margins fell 40 bps.
$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?