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Burger company $MCD reported a 35% jump in 1Q16 earnings helped by lower restaurant expenses and a decline in operating costs and expenses. Net income rose to $1.1Bil or $1.23 per share from $811.5MM or $0.84 per share last year. Revenue slid 1% to $5.90Bil. Excluding impact of items, EPS in constant currencies would have rose $0.26 or 26%.
$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?