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$SAIC's operating income of $66MM in 1Q17, resulted in operating margin of 5.4%. This margin was negatively impacted by $7Bil of acquisition integration costs, that if excluded, results in an adjusted operating margin of 6%. Excluding acquisition integration costs, adjusted diluted EPS was $0.80 and tax rate for the quarter was about 37%.
$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?