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Food maker $SJM reported a 25% growth in 1Q17 earnings driven by lower costs and expenses, despite lower sales. Net income rose to $170MM or $1.46 per share from $136.4MM or $1.14 per share last year. Adjusted EPS increased 16% to $1.86, reflecting incremental synergy realization, a lower tax rate, and fewer shares outstanding.
$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?