Vornado (VNO) volatility low into Q2 profit declining 65%

August 7, 2012 8:53 AM EDT Send to a Friend
Vornado (NYSE: VNO) overall option implied volatility of 20 is below its 26-week average of 23 according to Track Data. Q2 profit declined 65% as the commercial property owner booked continuing losses on its investment in J.C.Penny (JCP). VLO had Q2 revenue $700.6M, compared to consensus $651.7M.


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