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Investment management firm $EV reported a 8% decline in 3Q16 earnings due to lower revenues. Net income fell to $62.9MM or $0.55 per share from $68.71MM or $0.57 per share last year. Total revenues slid 4% to $341.17MM, hurt by lower investment advisory and administrative fees of 4%. Adjusted EPS declined 2% to $0.56.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$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.