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$ROST said 2Q16 operating margin is projected to be relatively flat at 13.8-14.0% compared to last year's 13.9%. 2Q16 net interest expense is expected to be about $4MM. Tax rate is expected to be approx. 38-39% and weighted average diluted shares outstanding are projected to be about 397MM.
$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?