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Vornado Realty Profit Drops 68%; Shares Fall
Vornado Realty Trust(VNO Quote), which operates office and retail properties, posted a 68% decline in first-quarter earnings, sending shares in the red during morning trading.
Shares of the company fell 2% to $51.67 on Tuesday.
During the quarter, earnings fell to $125.8 million, or 79 a diluted share, compared with $389.6 million, or $2.38 a share, in the year-ago period. ...
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