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Power company $SO reported a decline in 1Q16 earnings due to drop in revenues, mainly from lower fuel costs. Net income slid to $485MM or $0.53 per share from $508MM or $0.56 per share. Excluding items, EPS grew to $0.58 from $0.56, driven by retail revenue effects and lower non-fuel operating and maintenance costs. Revenue slid 5.2% to $3.97Bil.
$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?