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Victoria's Secret and Bath & Body Works stores owner $LB reported a jump in 2Q16 earnings on lower costs and expenses as well as other income. Net income grew to $252.42MM or $0.87 per share from $202.48MM or $0.68 per share last year. Adjusted EPS increased 3% to $0.70. Net sales rose to $2.89Bil from $2.77Bil. Comparable sales grew 3%.
$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.