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Natural gas utilities holding company $SRE reported a drop in 2Q16 earnings due to lower revenue and higher expenses. Net income fell to $16MM or $0.06 per share from $225MM or $1.17 per share last year. Revenues slid to $2.16Bil from $2.37Bil. Adjusted EPS fell to $0.79 from $1.03, due to losses from natural gas price movements on inventories.
$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?