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Clothing chain $GPS reported a drop in 1Q16 earnings due to lower sales as well as a negative impact of translation of foreign currencies into U.S. dollars. Net income fell to $127MM or $0.32 per share from $239MM or $0.56 per share last year. Net sales dropped to $3.44Bil from $3.66Bil. Comparable sales were down 5%.
$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.