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Packaged food company $CAG reported a 43.8% drop in 4Q16 earnings due to a charge for the re-measurement of pension amounts and lower sales. Net income fell to $117.6MM or $0.27 per share from $209.2MM or $0.48 per share last year. Net sales declined 9.5% to $2.83Bil. Adjusted EPS from continuing operations decreased to $0.52 from $0.55.
$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?