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During 4Q16, $HRS' Communication Systems revenue was down 24% vs. 4Q15, with operating income of $120MM and margin of 27.5%. Space and Intelligence Systems revenue was up 10% vs. 4Q15, driven by higher revenue from new classified programs. Electronic Systems revenue was up 4% organically, while Critical Networks was down 6% vs. 4Q15.
$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?