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$LH's gross profit for 3Q15 was $763MM or 33.6% of revenue, which grew approx. 34% from last year. The growth was due mainly to the Covance acquisition & organic volume, price, mix and productivity, partly offset by personnel cost. Excluding Covance, gross margin would have been 36.7%, a decrease of 10 basis points versus last year.
$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?