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$TWX, the owner of cable channels HBO, Warner Bros. and CNN, reported a rise in 1Q16 earnings driven by strong growth across all its operating divisions. Net income rose to $1.21Bil or $1.51 per share from $970MM or $1.15 per share last year. Revenues grew to $7.31Bil from $7.13Bil. Adjusted EPS increased to $1.49 from $1.19.
$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?