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$MKC increased gross profit margin 180 BPs YonY to 41.6% in 3Q16. This was the result of cost savings from the company's Comprehensive Continuous Improvement and streamlining actions, favorable mix and pricing actions taken to offset the higher cost. The company expects to increase gross in 4Q16, but the increase is likely to be below 100 BPs.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.