Prospect Capital Fiscal Q4 Net Income, Investment Income Drops from Year Ago Levels

Prospect Capital Fiscal Q4 Net Income, Investment Income Drops from Year Ago Levels

(At item published on Aug. 28 at 4:21 pm ET incorrectly said in the final paragraph the monthly cash distribution was unchanged when in fact the previous distribution was $0.0833 per share. The corrected version follows.) Prospect Capital (PSEC) late Monday reported fiscal Q4 net income of $0.14 per share, slipping from a $0.27 per share profit during the year-ago period. Net investment income in the quarter ended June 30 […]

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Express Reports Fiscal Q2 Profit

Express Reports Fiscal Q2 Profit

Express reported Thursday fiscal Q2 adjusted earnings of $0.01 per share, down from reported earnings of $0.13 a year ago but better than the $0.01 loss that had been expected by analysts polled by Capital IQ. Revenue in the quarter ended July 29 fell to $478.5 million from $504.8 million but topped the $474.1 million estimate while comparable sales were down by 4%, better than the 5.2% decline expected by […]

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McEwen Mining Acquires Primero Mining’s Black Fox Complex

McEwen Mining Acquires Primero Mining’s Black Fox Complex

McEwen Mining shares were over 2% higher in pre-market trade after the company said it has agreed to purchase Primero Mining Corp.’s (PPP) Black Fox Complex and associated assets and liabilities for $35 million. The Black Fox Complex is located in the gold mining camp of Timmins, Canada. “Buying the Black Fox Complex provides fantastic synergies with our recently acquired Timmins deposits,” said Chairman Rob McEwen.”This acquisition will add immediately […]

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EnteroMedics Shares Rise

EnteroMedics Shares Rise

EnteroMedics shares surged Wednesday, a day after the medical device company said Methodist Dallas Medical Center successfully completed its first implant of the company’s vBloc Neurometabolic Therapy through the Veterans Choice Program. Shares rose 14.7% to $4.99 at 9:37 a.m. in New York after touching $5.20. vBloc Therapy works to control sensations of hunger using a pacemaker-like device that is implanted under the skin during a safe, minimally invasive procedure. […]

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Tetra Tech Wins Contract

Tetra Tech Wins Contract

Tetra Tech said pre-market Wednesday it has obtained a contract valued at $150 million from the U.S. Army Corps of Engineers (USACE). Under this five-year, indefinite delivery, indefinite quantity contract, Tetra Tech will provide comprehensive architecture and engineering services to the Army Installation Management Command (IMCOM) to support federal agencies throughout the U.S. and its territories. Tetra Tech will assist IMCOM in implementing the builder sustainment management system (SMS), a […]

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Toll Brothers Target Raised by RBC

Toll Brothers Target Raised by RBC

Toll Brothers shares were slightly higher Thursday morning after RBC Capital Markets raised its price target on the homebuilder to $45 from $43 while maintaining an outperform rating on the stock. The broker justified its price target boost by saying it sees the company as having “an improving risk/reward profile,” and that its outperform rating is supported by the company’s “proven management, a strong presence in the luxury segment of […]

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Herman Miller Q4 EPS Beats Street View

Herman Miller Q4 EPS Beats Street View

Office furniture supplier Herman Miller was rising in Wednesday’s late session after tonight reporting adjusted fiscal Q4 net income of $0.64 per share, improving on a $0.56 per share profit during the same quarter last year and beating the Capital IQ consensus by $0.09 per share. Net sales declined 0.9% from year-ago levels to $577.2 million, trailing the $583.53 million Street view. Looking forward, Herman Miller said it is expecting […]

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