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Restaurant operator $CBRL reported a 8% rise in 4Q16 earnings driven by higher revenues as well as reductions in general and administrative expenses and cost of goods sold. This is despite rise in store operating expenses. Net income rose to $51.02MM or $2.12 per share from $47.4MM or $1.97 per share last year. Total revenue grew 4% to $745.58MM.
$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?