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$ADT, a provider of monitored security, posted lower 1Q16 earnings, hurt by higher operating expense. $ADT said net earnings dropped 11% to $64MM, or $0.39 per share in 1Q16 compared to $72MM, or $0.41 per share in the prior year. Revenue increased 1.5% to $900MM. Excluding items, $ADT earned $0.49 per share.
$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?