Want to join the conversation?
Auto insurance company $MCY reported a jump in 2Q16 earnings driven by higher revenues as well as net realized investment gains. Net income rose to $48.87MM or $0.88 per share from $9.64MM or $0.17 per share last year. Total revenues grew to $858.0MM from $726.17MM. Operating EPS dropped 45.3% to $0.35.
$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?