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$GRMN 2Q15 Call: Deferred revenue amortization, which is YoverY headwind impacted revenue by $12MM. Gross margin declined to 54%, a 300BP decrease from prior year. Operating margin was 22%, 660BP decrease from prior year. Effective tax rate increased to 20.6% compared to 12.8% in prior year. This created further earnings pressures of $0.07.
$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?