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Colors, flavors and fragrances maker $SXT reported a 2.1% rise in 1Q16 earnings driven by strong results from Color and Asia Pacific as well as lower costs and expenses. Net income rose to $31.17MM or $0.69 per share from $30.53MM or $0.64 per share last year. Revenue declined by 1.1% to $342.47MM. Adjusted EPS fell by 1.3% to $0.75.
$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?