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$URBN, a lifestyle retail company, reported lower 4Q16 results, hurt by underperforming apparel sale and lower gross profit. $URBN said net income fell 9.3% to $72.88MM, or $0.61 per share from $80.3MM or $0.60 per share a year ago. Revenue was flat YoverY at $1.01Bil. For the quarter, gross profit fell 12 BP.
$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?