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Real estate investment trust $HCP posted profit for 1Q16 as compared to a reported loss a year ago, helped by higher revenue. $HCP said it reported net earnings of $115.76MM, or $0.25 per share vs. a net loss of $240.95MM, or $0.52 per share a year ago. Revenue rose 5% to $640.78MM. For the quarter, $HCP reported adjusted FFO of $0.69 per share.
$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?