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Energy delivery services provider $VVC reported a drop in 1Q16 earnings due to lower utility group earnings and wider non-utility group losses. Net income fell to $48.3MM or $0.58 per share from $57MM or $0.69 per share last year. Total operating revenues dropped to $584.8MM from $706.2MM.
$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?