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$SNA 2Q15 Call: Consolidated gross profit of $419MM increased $18.6MM from 2014 levels. The GM of 49.2% in the quarter improved 80 BPs from 48.4% a year ago. OpEx of $268.2MM increased $5.9MM, largely due to higher volume-related & other expenses. No restructuring cost was incurred in 2Q15. Pension expense was approx $2MM vs. 2Q14.
$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?