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Auto insurance company $MCY reported a decline in 1Q16 earnings due to higher catastrophe losses, primarily from severe winter storms in northern California and in Texas. Net income fell to $23.32MM or $0.42 per share from $26.17MM or $0.47 per share last year. Total revenues grew to $823.92MM from $744.55MM. Operating EPS dropped 78% to $0.13.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.