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$PCP 1Q16 Call: Investment Cast Products sales were up 1% to $632MM with continued growth in Aerospace and operating income was up 6% to $237MM with 170 BP of margin expansion to 37.5%. Forged products sales were down 8% to $1Bil, primarily due to continued weakness in oil & gas and markets and operating margin down 34% to $204MM.
$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?