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During 1Q16, $DOV generated free cash flow of $96.2MM, representing 5.9% of revenue and 96.8% of net earnings from continuing operations. For 2016, free cash flow fell $7.2MM over the prior year mainly as a result of an increase in CapEx spending of $9.2MM. The company expects to generate free cash flow of approx. 11% of revenue for full year 2016.
$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?