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Grocery store chain operator $KR posted a decrease in 2Q16 earnings, hurt by lower operating profit compared to 2Q15. Net earnings were $383MM, or $0.40 per diluted share compared to $433MM, or $0.44 per diluted share last year. Sales grew 4% to $26.6Bil in 2Q16, compared to $25.5Bil a year ago. Adjusted diluted net EPS was $0.47 in the quarter.
$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?