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Cable company $TWC reported a rise in 1Q16 earnings driven by higher revenue growth at all segments. Net income rose to $494MM or $1.72 per share from $458MM or $1.59 per share last year. Revenue grew by 7.2% to $6.19Bil on accelerated growth in Residential Services and strong growth in Business Services. Adjusted EPS increased 9.7% to $1.81.
$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?