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$CATO expects same-store sales to be down 2% to flat and diluted EPS to be $0.13-0.18 in 3Q16. For 2016, diluted EPS is expected to be $2.32-2.41. Company expects to open 12 new stores in 2016, down from last estimate of 23 stores, due to lack of shopping center development and increased competition for available space.
$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?