TrueBlue Q1 Adjusted Profit Beats Expectations

TrueBlue Q1 Adjusted Profit Beats Expectations

TrueBlue (TBI), a staffing and recruitment firm, reported late Monday Q1 adjusted net profit of $0.31 per share, up from $0.21 per share in the prior year period and higher than the $0.22 per share Street estimate provided by Capital IQ. Revenue for the quarter ended April 1 was $554.4 million, down from $568.2 million reported for the comparable period last year and short of the $570.4 million Street estimate. […]

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Simpson Manufacturing Posts Q1 Results Beat

Simpson Manufacturing Posts Q1 Results Beat

Simpson Manufacturing (SSD), a maker of wood construction products, reported late Monday Q1 net profit of $0.54 per share, up from $0.48 per share in the prior year period and higher than the $0.48 per share Street estimate provided by Capital IQ. Net sales were $244.8 million, up from $219.9 million reported for the same period last year and higher than the $237.6 million Street estimate. In its outlook, Simpson […]

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Adtran Logs Weaker-than-Expected Q1 Results

Adtran Logs Weaker-than-Expected Q1 Results

Adtran (ADTN) reported late Tuesday it swung to a Q1 adjusted net loss of $0.29 per share from an adjusted profit of $0.18 per share. Analysts were expecting adjusted net loss per diluted share of $0.14. Sales were $120.8 million, down from last year’s $170.3 million, and falling short of Street view of $126.8 million. For the company’s outlook, CEO Tom Stanton said: “Looking ahead, we expect continued strength in […]

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Columbia Financial Receives Approval for Minority Stock Offering of 49.8 Mln Shares

Columbia Financial Receives Approval for Minority Stock Offering of 49.8 Mln Shares

Columbia Financial (CLBK), the holding company for Columbia Bank, said late Tuesday it received all regulatory approvals for the completion of its minority stock offering of 49.8 million shares at $10 per share. It expects to close the offering on Thursday. Shares of the company are due to begin trading on the Nasdaq Global Select Market under the ticker “CLBK” beginning on Friday. The offering was oversubscribed by eligible depositors […]

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Segro Reports Record New Headline Rent in Single Quarter Powered by Growth in Online Retailing

Segro Reports Record New Headline Rent in Single Quarter Powered by Growth in Online Retailing

Segro (SGRO.L), a developer and manager of warehousing and light industrial property, said early Wednesday it made a “strong” start to 2018 as new headline rent hit a record level for a single quarter due to “encouraging” occupational demand driven by growth in online retailing. The company, a real-estate investment trust, said in a trading update that it contracted 27.3 million pounds ($39.1 million) of new headline rent in the […]

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CSX First Quarter Results Beat Analysts’ Expectations Despite Drop in Volumes

CSX First Quarter Results Beat Analysts’ Expectations Despite Drop in Volumes

Railroad operator CSX (CSX) posted better-than-expected results for its top and bottom lines in the first quarter despite a decline in the volume of freight that it transports and less than five months after its former chief executive, Hunter Harrison, passed away. The Jacksonville, Florida-headquartered company generated revenue of $2.88 billion in the first quarter of the year, up slightly from $2.87 billion in the corresponding quarter of the prior […]

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Fiesta Restaurant Reports Q1 Same-Store Sales Up 1.1% at Pollo Tropical

Fiesta Restaurant Reports Q1 Same-Store Sales Up 1.1% at Pollo Tropical

Fiesta Restaurant Group (FRGI), the parent company of two fast-casual restaurant brands, reported late Tuesday preliminary comparable restaurant sales for fiscal Q1 ended April 1 of a 1.1% increase at Pollo Tropical, while comparable store sales at Taco Cabana declined 1.7%. “Executing our strategic renewal plan continued in full force during Q1, and we are encouraged by the improving sales trajectory across our two brands,” said CEO Richard Stockinger. “Pollo […]

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Southwest Airlines Confirms Deadly Accident in NY to Dallas Flight

Southwest Airlines Confirms Deadly Accident in NY to Dallas Flight

Southwest Airlines (LUV) confirmed that its flight 1380 from New York LaGuardia to Dallas Love Field suffered an accident that claimed the life of one passenger. The flight made an emergency diversion to Philadelphia International Airport on Tuesday after the crew reported issues with one engine which resulted in damage to the fuselage, the company said. In total, the flight had 144 customers and five crewmembers onboard. The airline added […]

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Verifone Shares Surge After-Hours Following $3.4 Bln Acquisition by Francisco Partners

Verifone Shares Surge After-Hours Following $3.4 Bln Acquisition by Francisco Partners

Verifone Systems (PAY) shares jumped more than 52% in extended trading on Monday after the provider of payment and commerce solutions said it has agreed to be acquired by Francisco Partners, a technology-focused private equity firm, in $3.4 billion deal. An investor group led by Francisco Partners and including British Columbia Investment Management will acquire Verifone for $23.04 per share in cash, or $3.4 billion, including Verifone’s net debt. Verifone […]

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Pingtan Marine Enterprise Gets OK for 27 Fishing Vessels to Operate in International Waters of Indian Ocean

Pingtan Marine Enterprise Gets OK for 27 Fishing Vessels to Operate in International Waters of Indian Ocean

Pingtan Marine Enterprise (PME) said 27 of its fishing vessels have received approval dated April 2 from the Ministry of Agriculture and Rural Affairs of the People’s Republic of China and are expected to operate in the international waters of the Indian Ocean after completion of modification and rebuilding. Among the 27 fishing vessels, 7 will be modified as light luring seine fishing vessels with annual harvest capacity of 6,000 […]

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