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$PAYX's operating income net of certain items increased 11% to $285MM for 1Q16 and achieved operating margin of 40%, up from 39% in the prior year quarter. $PAYX anticipates its full year operating margin will be within the guidance previously provided. Effective income tax rate came in at 29.7% for 1Q16 vs. 36.3% last year.
$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?