Want to join the conversation?
Beauty products company $EL reported a 38% drop in 4Q16 earnings due to higher costs and expenses. Net income fell to $95MM or $0.25 per share from $153.8MM or $0.40 per share last year. Net sales rose 5% to $2.65Bil. Adjusting for restructuring and other charges, EPS for 4Q16 was $0.43 and in constant currency grew 11% to $0.44.
$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?