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$ATU now expects FY17 sales of $1.075-1.125Bil, reflecting core sales decline of 2-6%. $ATU sees EPS excluding restructuring charges of $1.00-1.20, reflecting lower sales and higher effective tax rate, offset by benefit of cost reduction actions. $ATU sees 1Q17 sales of $260-270MM on a 14-16% core sales decline and EPS of $0.14-0.19.
$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?