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Energy and utility holding company $PPL reported a decline in 1Q16 earnings due to revenue reset and lower average foreign currency exchange rate. Net income slid to $481MM or $0.71 per share from $647MM or $0.96 per share last year. Operating revenues fell to $2.01Bil from $2.23Bil. EPS from ongoing operations decreased 13% to $0.67.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.