General Growth Properties (GGP) Declares $0.19 Quarterly Dividend; 2.7% Yield
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Go back to General Growth Properties (GGP) Declares $0.19 Quarterly Dividend; 2.7% Yield
May 2, 2016 4:06 PM EDT
General Growth Properties (NYSE: GGP) reported Q1 EPS of $0.40, $0.05 better than the analyst estimate of $0.35.
GUIDANCE:
General Growth Properties sees Q2 2016 FFO of $0.34-$0.36, versus the consensus of $0.36.
General Growth Properties sees FY2016 FFO of $1.52-$1.56, versus the consensus of... More
May 2, 2016 12:38 PM EDT
By Svea Herbst-Bayliss and Caroline Humer
BOSTON/NEW YORK (Reuters) - Billionaire investor William Ackman on Monday mounted a vigorous defense of Valeant Pharmaceuticals (NYSE: VRX), ruling out any sale of the drug company's "crown jewel" assets but saying price cuts and even a new name may be in its future.
Ackman, whose Pershing Square Capital Management owns 9 percent of Valeant, predicted the company would turn around with the help of its new chief executive officer and by selling greater volumes of products instead of just raising the price of its drugs.
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