Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
trump twittered Russian/Saudi agreed to cut crude oil production.
based on the latest presentation, the gold production is about 50/50 between these two facilities.
what's the % of production from Mexico?
that's what i thought. but i was surprised by the abrupt drop last friday and was wondering what's happening there (besides the general market-wise panic).
AGM is/will AGM facing the similar situation as NRZ?
if that's the case and the prob of NRZ going under is low, this would be a great buy opportunity.
panic for sure. any idea about the probability that could happen?
what's your take on NRZ and the sector? TIA
check this video out
Chinese respiratory disease expert: Clinical drug trials for COVID-19 going smoothly
"Big advantage of pass through capital gains is no SE tax. "
are you sure about this?
S-corp is pass-through as well.
GSB
Thanks!
$0.01 reduction on the earning. let's see how it plays out.
hopefully it's not due to a bad ER leak.
GSB any news to justify GSB's recent weakness?
EDUC $9.25 +$0.49
Educational Development Corporation Announces Record March and April 2017 Revenues
GlobeNewswire•May 10, 2017Comment
TULSA, Okla., May 10, 2017 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”) (EDUC) (http://www.edcpub.com) today reports record quarter to day unaudited net revenues for March and April 2017.
Randall White, CEO of Educational Development Corporation, announced that the Company has had record quarter to date revenues in the first two months of fiscal 2018, totaling approximately $19.3 million. This revenue level represents an increase of $3.8 million, or 25% over the combined March and April 2016 revenues of approximately $15.5 million.
Per Mr. White, “Quarter to date sales results were very encouraging with continued double digit growth. This growth shows the continued strong demand for our products and the success of our sales teams. In anticipation of our continued growth, our management team has recently approved a capital expansion project that will further automate to our Tulsa, OK distribution facility. We expect this facility expansion and additional automation will increase our daily shipping capacity by as much as 100% over last year’s capacity levels.”
https://finance.yahoo.com/news/educational-development-corporation-announces-record-230628070.html
thanks for the info!
I don't remember if I'd received a settlement letter for CCME or I may have trashed it. Is there any chance that I still file for the claim? Thanks!
I don't remember if I'd received a settlement letter for CCME or I may have trashed it. Is there any chance that I still file for the claim? Thanks!
oh, no catch and release please...
NAII keeps dropping? any news?
I also noticed for SNFCA, currently on TD ameritrade trade architect, in the plot area, it shows Bid 5.79(1) and Ask 5.90(2); while on the Level II, the bids are: 1 share at 5.84 and 100 share at 5.74; on the asks: 56 shares at 5.86, and 200 shares at 5.90
not sure how this will be executed if placing a market order
BBBI got bought out at $16.50. nice.
BELFB
JERSEY CITY, NJ--(Marketwired - May 6, 2016) - Bel Fuse Inc. ("Bel," or, "the Company") (NASDAQ: BELFA) (NASDAQ: BELFB) today announced preliminary financial results for the first quarter of 2016.
First Quarter 2016 Highlights
Net sales decreased 14.7% to $121.2 million in the first quarter of 2016 as compared with $142.0 million in the first quarter of 2015.
Operating loss was $103.4 million in the first quarter of 2016, which included a non-cash goodwill and other intangible assets impairment charge of $108.6 million. Excluding this charge, operating profit was $5.2 million. This compares with operating profit of $9.0 million in the first quarter of 2015.
GAAP EPS was a loss of $(8.15) per Class A share and $(8.55) per Class B share in the first quarter of 2016, which included a non-cash goodwill and other intangible assets impairment charge of $8.62 per Class A share and $9.05 per Class B share. Excluding this charge and restructuring charges of $0.01 per Class A&B share, Non GAAP EPS was $0.48 per Class A share and $0.51 per Class B share in the first quarter of 2016. This compares with Non GAAP EPS of $0.49 per Class A share and $0.51 per Class B share in the first quarter of 2015.
CEO Comments
Daniel Bernstein, President and CEO, said, "We have written down an estimated amount of goodwill and other intangible assets associated with our recent acquisitions and legacy-Bel business as required under US GAAP. We do not expect this write down to result in any future cash expenditures, impact liquidity, affect the ongoing business or financial performance, or impact compliance with our debt covenants. This estimated write down does not change the belief of the Board of Directors and management that Bel is a substantially stronger company today with the acquisitions of Power Solutions and Connectivity Solutions. We have been able to achieve operational synergies and efficiencies making our legacy businesses and the businesses acquired more profitable than the day we purchased them, even with the downturn in sales. These acquisitions have expanded our global footprint, substantially broadened our product portfolio and opened up new markets and customers in the military, aerospace and the Cloud, with growth opportunities that were not available to us before we acquired these companies.
"Bel Power Solutions continued to experience softening of sales in the first quarter due to overall market conditions. However our current backlog remains stable. We continue to introduce new products and recent design wins at the larger tier one customers, which should result in stronger sales for Bel Power Solutions and Protection during the second half of 2016. In addition we have placed more focus on the Cloud and Open Compute customers as we believe this market should outperform our traditional customers.
"Bel's Cinch Connectivity Solutions business finished the first quarter of 2016 with improved operating profitability when compared to both the fourth quarter and same quarter in 2015. Despite continued general market weakness, particularly within the Military and key Industrial segments such as Agricultural equipment and Oil and Gas exploration, the restructuring efforts taken over the last roughly six quarters have allowed for improvement in profitability while we position the business for future growth. Having now completed our previously announced facility consolidations, we've begun to see the benefit in fixed cost savings as well as improved operational efficiencies.
"Improved sales of our connectivity products utilized in Commercial Aircraft manufacturing were offset by weaker sales into the Military and key Industrial segments. We continue to see Commercial Aerospace as a key growth market in the future. As a result, we continue to focus a significant amount of our Business and Product Development resources within this area while continuing to pursue cost improvement in all areas."
First Quarter 2016 Results
Net Sales
Net sales decreased 14.7% to $121.2 million in the first quarter of 2016, compared with $142.0 million in the first quarter of 2015, primarily due to lower sales of Bel's power solutions and protection products, as well as certain magnetic and connectivity products.
Selling, General and Administrative Expenses (SG&A)
SG&A expenses were $17.7 million, or 14.6% of net sales in the first quarter of 2016 as compared with $17.6 million, or 12.4% of net sales, in the first quarter of 2015. In the first quarter of 2016, we recorded a benefit of $2.8 million for certain value-added and business tax items recorded in connection with the acquisition of Power Solutions. In addition, professional fees declined $0.6 million, primarily due to the expiration of certain IT transition services agreements in the first half of 2015. These items were partially offset by foreign currency exchange losses on intercompany receivables and payables of $0.3 million in the first quarter of 2016 as compared with foreign currency exchange gains of $4.6 million in the first quarter of 2015.
Goodwill and Other Intangible Assets Impairment
As part of our interim review for impairment of our reporting units, we identified an impairment within our North America, Europe and Asia reporting units due to lower-than-anticipated growth rates from challenging macroeconomic conditions. As a result, we have recorded a non-cash, pre-tax charge for impairment of goodwill and certain intangible assets of $108.6 million, ($106.5 million, net of taxes and $8.62 impact to EPS per Class A share and $9.05 impact to EPS per Class B share). This estimated amount is subject to finalization and will be finalized in the second quarter of 2016. We do not expect this impairment to result in any future cash expenditures, impact liquidity, affect the ongoing business or financial performance of our reporting units, or impact compliance with our debt covenants.
Operating Loss
Operating loss was $103.4 million in the first quarter of 2016 as compared with operating income of $9.0 million in the first quarter of 2015.
Income Taxes
Income tax benefit was $4.9 million, or 4.6% in the first quarter of 2016 compared with an income tax provision of $2.0 million, or 26.8% in the first quarter of 2015.
Net Earnings
Net loss was $100.7 million in the first quarter of 2016 as compared with net earnings of $5.3 million in the first quarter of 2015.
Balance Sheet Data
As of March 31, 2016, working capital was $159.3 million, including $69.0 million of cash and cash equivalents with a current ratio of 2.6-to-1. Total debt was $161.9 million. In comparison, as of December 31, 2015, working capital was $158.6 million, including $85.0 million of cash and cash equivalents with a current ratio of 2.3-to-1 and total debt of $183.5 million.
Conference Call
maybe just due to yellen's comments on interest rate.
AGM break out on NO news?
will the fear of another fed rate hike turn the sp500 into red?
NRZ ER $0.45 per share
New Residential Investment posts 2Q profit
New Residential Investment misses 2Q earnings expectations, tops revenue forecasts
Associated Press
1 hour ago
????
Related Stories
Air Lease beats Street 2Q forecasts Associated Press
Interface beats 2Q profit forecasts Associated Press
Stellus Capital misses Street 2Q forecasts Associated Press
Crawford misses Street 2Q forecasts Associated Press
Meritage beats 2Q profit forecasts Associated Press
NEW YORK (AP) _ New Residential Investment Corp. (NRZ) on Monday reported second-quarter net income of $75.1 million.
On a per-share basis, the New York-based company said it had profit of 37 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 45 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The real estate investment trust posted revenue of $96.3 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $70.5 million.
New Residential Investment shares have increased 13 percent since the beginning of the year. The stock has increased 15 percent in the last 12 months
HRTG drops after ER. The ER is not that bad to me. ????
Heritage Insurance posts 2Q profit
Heritage Insurance posts profit of $25.4 million in 2nd quarter
Associated Press
16 hours ago
????
Related Stories
Loews posts 2Q profit Associated Press
Northfield posts 2Q profit Associated Press
First Connecticut posts 2Q profit Associated Press
MainSource posts 2Q profit Associated Press
UBS posts 2Q profit Associated Press
CLEARWATER, Fla. (AP) _ Heritage Insurance Holdings Inc. (HRTG) on Wednesday reported second-quarter profit of $25.4 million.
The Clearwater, Florida-based company said it had profit of 84 cents per share.
The property and casualty insurance holding company posted revenue of $99.2 million in the period.
Heritage Insurance shares have risen 29 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $25.03, a rise of 77 percent in the last 12 months.
_____
SYNA it's a great comeback. I was hesitating whether to double down but didn't pull the trigger.
The CC is quite bullish. Those analysts' estimates were probably too optimistic.
SYNA Synaptics misses Street 4Q forecasts
Synaptics posts 4Q profit, results miss Street expectations
SAN JOSE, Calif. (AP) _ Synaptics Inc. (SYNA) on Thursday reported fiscal fourth-quarter earnings of $33.3 million.
The San Jose, California-based company said it had profit of 85 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, were $1.57 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The maker of touch-screen technology posted revenue of $478.9 million in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $482.6 million.
For the year, the company reported profit of $112.3 million, or $2.89 per share. Revenue was reported as $1.7 billion.
Synaptics shares have risen 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $79.27, a rise of 4.5 percent in the last 12 months.
IRT Independence Realty Trust, Inc. (“IRT”) (NYSE MKT: IRT) today announced its second quarter 2015 financial results.
Highlights
Core funds from operations (“CFFO”) increased 85% to $6.3 million for the quarter ended June 30, 2015 from $3.4 million for the quarter ended June 30, 2014.
CFFO per share was $0.19 for the quarter ended June 30, 2015 as compared to $0.19 for the quarter ended June 30, 2014.
Investments in real estate, at cost, increased 98% to $716.6 million at June 30, 2015 from $362.3 million at June 30, 2014. Number of units owned increased 70% to 9,055 at June 30, 2015 from 5,342 at June 30, 2014.
Total revenues grew 97% to $22.8 million for the quarter ended June 30, 2015 from $11.6 million for the quarter ended June 30, 2014.
Operating income increased 156% to $4.6 million for the quarter ended June 30, 2015 from $1.8 million for the quarter ended June 30, 2014.
Same store weighted average monthly effective rent per unit increased 4.5% to $787 at June 30, 2015 from $753 at June 30, 2014.
Thx!
I have a small position as well. Plan to hold for now and wait to see...
that's really a serious problem and it seems it won't be solved shortly. but the free falling indicates the market may NOT be confident that it can survive?
do you still have the RJET shares?
RJET free falling. Is it that bad?
thx. that should not be a big deal.
ssk,
Thanks!
I was checking the news but couldn't find any, and was wondering why...
HRTG
is dropping suddenly. Anyone knows the reason/news?TIA
GlobalSCAPE, Inc. (GSB), a leading developer of secure information exchange solutions, today announced its financial results for the three months ended March 31, 2015. The Company also declared a quarterly cash dividend.
Revenue for the first quarter of 2015 was $6.9 million, which is an increase of 20 percent when compared with revenue of $5.7 million for the first quarter of 2014.
Deferred revenue, which can be an indicator of future revenue trends, was $14.3 million at March 31, 2015, compared with $10.7 million at March 31, 2014, or an increase of 33 percent.
For the first quarter of 2015, the Company had net income of $815,000 compared with net income of $534,000 for the first quarter of 2014. Earnings per share was $0.04 for the first quarter of 2015 compared with $0.03 for the first quarter of 2014.
Adjusted EBITDA Excluding Infrequent Items was $1.5 million for the first quarter of 2015 compared with $1.0 million for the first quarter of 2014.
The Company had cash, cash equivalents and long-term investments of $15.5 million at March 31, 2015, an increase of $1.0 million over the total of the same items at December 31, 2014.
"The 20 percent revenue growth we achieved for the quarter is a direct result of our ongoing investments in product development, channel sales and marketing initiatives, and demand generation programs," said James Bindseil, Globalscape's President and Chief Executive Officer. "We remain confident that the plans we have in place will result in us continuing to achieve our near-term objectives that support our long-term operational and financial goals."
Globalscape also declared a quarterly dividend of $0.015 per share of common stock payable on June 3, 2015, to shareholders of record at the close of business on May 19, 2015.
Globalscape First Quarter 2015 Financial Statements
Financial Statements (PDF)
Conference Call April 30, 2015 at 4:30 p.m. ET
Globalscape management will hold a conference call on April 30, 2015, at 4:30 p.m. Eastern Time/3:30 p.m. Central Time to discuss financial results and other corporate matters for the first quarter 2015. Those wanting to join should call 888-505-4368 or 719-325-2376 and use Conference ID # 1817286. A live webcast of the conference call will also be available on the Investor Relations page of the company's website at http://www.globalscape.com. A webcast replay will be made available on the company's website shortly after the call is completed.
About Globalscape
San Antonio, Texas-based GlobalSCAPE, Inc. (GSB) ensures the reliability of mission-critical operations by securing sensitive data and intellectual property. Globalscape's suite of solutions features the EFT platform, the industry-leading enterprise file transfer solution that delivers military-grade security and a customizable platform for achieving best-in-class control and visibility of data in motion or at rest, across multiple locations. Founded in 1996, Globalscape is a leading enterprise solution provider of secure information exchange software and services to thousands of customers, including global enterprises, governments, and small businesses. For more information, visit http://www.Globalscape.com or follow the blog and Twitter updates.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words "would," "exceed," "should," "anticipates," "believe," "steady," "dramatic," and variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's Annual Report on Form 10-K for the 2014 calendar year, filed with the Securities and Exchange Commission on March 30, 2015.
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2015/05/prweb12693262.htm
Contact:
MPW
Thanks! That is not a concern to me, from a long term perspective.
I thought there was some bad news, but could not find it.
MPW
do you know why it dropped today? any news? thx!