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Lodging REIT company $HST reported a 35.7% drop in earnings due to higher costs and expenses, and lower gain on sale of assets. Net income fell to $163MM or $0.22 per share from $254MM or $0.33 per share last year. Revenue rose to $1.33Bil from $1.32Bil. NAREIT FFO per share slid by 7.5% and adjusted FFO per share declined by 2.5%.
$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?