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$ITW cuts its 2015 guidance and expect full year revenue to be flat to down 1%. $ITW lowered its full year EPS guidance by 1% or $0.5 at the midpoint to $5.05-5.15, which is 9% YoverY growth at the midpoint despite a long list of external headwinds. Expect operating margin to be approx. 21% plus and after-tax ROIC of 20% plus.
$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?