In European trading the
U.S. dollar traded mixed against its major counterparts. The euro was quoted at $1.1990, down from $1.9993. The dollar changed hands at 114.49 yen, up from 114.42. The British pound was trading at $1.7459, up from $1.7457.
EARNINGS NEWS
Host Marriott (
HMT: chart), full-service hotel properties holding company, reported Q3 funds from operations advanced to 19 cents a share, up from 6 cents a share in the year-ago period, as revenue rose 7.7% and comparable hotel revenue per available room went up 8%, topping analysts’ forecasts of 17 cents a share. The company added that insurance coverage should be enough to cover all of the property damage to the New Orleans Marriott and the near-term loss of business.
Regis Corp. (
RGS: chart), hair-care service provider, reported Q1 sales rose 15%, with same-store sales up 0.9%. The impact from hurricanes cut down revenue for the period by $2.1 million.
Virginia Commerce Bancorp Inc. (
CBI: chart), commercial banking services provider, posted Q3 net income of 35 cents a share, up from 26 cents in the same period last year, beating analyst estimate of 32 cents a share.The company also stated that net interest income were $14.5 million, up almost 34% from the year-ago period.
Media General Inc, media company, posted Q3 earnings of 41 cents a share, down from 66 cents a share a year-earlier on lower operating income from its Publishing and Broadcast divisions. Revenue advanced 1.5% over the same period last year. The company topped analyst estimate by a penny.
Media General Inc (
MEG: chart), media company, posted Q3 earnings of 41 cents a share, down from 66 cents a share a year-earlier on lower operating income from its Publishing and Broadcast divisions. Revenue advanced 1.5% over the same period last year. The company topped analyst estimate by a penny.
Lindsay Manufacturing Co (
LNN: chart), irrigation systems manufacturer, reported Q4 net profit of 3 cents per share, breakeven with last year’s in the same quarter despite 14% revenue decline, missing analysts’ forecasts of 5 cents per share.
Harley-Davidson Inc. (
HDI: chart) motorcycle producer, posted Q3 net income of 96 cents a share up from 77 cents in the year-earlier period on revenue growth as U.S. retail motorcycle sales rose 12%, beating analysts’ forecasts of 90 cents a share.
Apollo Group Inc. (
APOL: chart), for-profit education company, reported that Q4 net income advanced to $106.2 million from $15.7 million in the year-ago period. Apart from stock-based compensation charges in both years, income would have been 65 cents a share, up from 52 cents, in same time last year on revenue growth, matching on that basis analyst estimate.
MGIC Investment (
MTG: chart), provider of private mortgage insurance, posted Q3 net income of $1.55 a share, up vs. $1.36 a share in the year-earlier period, beating analysts’ expectations of $1.51 a share.
Fastenal Co. (
FAST: chart), industrial and construction supplies distributor, posted Q3 net income of 61 cents a share, up from 46 cents a share in the same period last year on 23% sales growth, beating analyst estimate of 57 cents a share.
M&T Bank Corporation (
MTB: chart), commercial and retail banking services provider, reported Q3 net profit of $1.64 per share, up 5% from $1.56 in the year-earlier period, missing analysts’ forecasts of $1.70 a share. Q3 results reflect a $29 million non-cash charge related to preferred stock issuances of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.