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$NKE 4Q15 PR: Revenues for NKE rose 5% to $7,779MM & up 13% on a currency-neutral basis vs. $7,425MM in 4Q14. Net income increased 24% to $865MM vs. $698MM in 4Q14, reflecting strong revenue growth and gross margin expansion, a lower tax rate. Gross margin expanded 60 bps to 46.2%. Selling and administrative expense increased 6% to $2.6Bil.
$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?