Epic Stock News » News Stories http://www.epicstocknews.com Your #1 News Source for the Financial Markets Fri, 03 Feb 2012 14:25:00 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Customers’ Increased Usage of Credit and Debit Cards Send MasterCard Net to $514 million – NYSE:MA http://www.epicstocknews.com/201202031976/news-stories/customers%e2%80%99-increased-usage-of-credit-and-debit-cards-send-mastercard-net-to-514-million-%e2%80%93-nysema/ http://www.epicstocknews.com/201202031976/news-stories/customers%e2%80%99-increased-usage-of-credit-and-debit-cards-send-mastercard-net-to-514-million-%e2%80%93-nysema/#comments Fri, 03 Feb 2012 14:25:00 +0000 Lisa Jimenez http://www.epicstocknews.com/?p=1976 MasterCard Incorporated (NYSE:MA), the world’s second-largest payments network, announced Q4 profit jumped 24% as spending with credit and debit cards amplified. The shares surged the most in three months. The Purchase, New York-based Company stated recently in a statement that … Continue reading ]]>

MasterCard Incorporated (NYSE:MA), the world’s second-largest payments network, announced Q4 profit jumped 24% as spending with credit and debit cards amplified. The shares surged the most in three months.

The Purchase, New York-based Company stated recently in a statement that net income amplified to $514 million, or $4.03 per share, against $415 million, or $3.17, a year previously. The average forecast of thirty two analysts polled by Bloomberg was $3.91 per share. MasterCard recorded a $495 million charge associated to price-fixing litigation.

MasterCard added 7% to $381.57 in New York, the maximum since November 2. The outcome cap a year in which MasterCard, led by CEO Ajay Banga, soared 66%, the 4th-best performance in the Standard & Poor’s 500 Index. The company bought back stock as the worldwide shift from cash and checks to electronic payments continued.

Banga, 52, commented in the statement that they are seeing continued momentum driven by fresh agreements and the continuing shift away from paper-based payments.

David Koning, an analyst with RW Baird & Co, commented in a note to clients recently that MasterCard shares moved up partly for the reason that the company forecasted that revenue would rise in 2012 and 2013 at a compound per annum expansion rate of 12% to 14%. MasterCard also said it wants to increase earnings per share by more than 20 percent during the same period, he said.

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Mobile Fluid Recovery Becomes a Member of NORA – OTC:ARCS

A fully owned subsidiary of Arcis Resources Corporation (OTC:ARCS), Mobile Fluid Recovery, declares that it has became a member NORA, a trade association of responsible recyclers in the liquid recycling industry.

Arcis Resources Corporation is an advantageous reuse and fluid recovery firm. Latterly, Arcis has used its patented mobile fluid recovery technology to team up on the green initiatives of select Fortune 500 firms by providing fluid recovery services and recycling of sorbent materials used in industrial processes.

President of Arcis Resources Corporation, Trevis Lyon, commented that they are eager about their membership in NORA and the networking, business development, support and education benefits that it offers.

Its shares gained 33.33% to close at $0.40 with the total traded volume of 35,880.00 shares beating the average volume of 3,598.00.

Its shares were trading within the range of $0.39-$0.41 while its opening price was $0.39. Its market capitalization is $11.62 million. Its stock price 52 weeks low was $0.20 and 52 weeks high price was $2.30.

Arcis Resources Corporation is an integrated beneficial reuse and reclamation company headquartered in Birmingham, AL. The Company’s primary focus is to provide beneficial reuse and reclamation services, as well as petrochemical logistics and distribution services, to generators and customers in the US, South America, and the Middle East.

Arcis provides its petrochemical logistics & distribution services, and beneficial reuse sales & marketing via Arcis Energy, Inc. and also provides award winning patented liquid recovery technology for reclaiming liquid wastes out of industrial sorbent materials via Mobile Fluid Recovery, Inc. Arcis Energy, Inc., Gulf Coast Energy Distribution, LLC and Mobile Fluid Recovery, Inc. are wholly owned subsidiaries of Arcis Resources Corporation (ARCS.QB). Arcis has offices in West Palm Beach, FL and Birmingham, AL. (www.arcisresources.com)

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AOL Surpass Analyst Forecasts as Ad Revenue Up for Fourth Straight Period – NYSE:AOL http://www.epicstocknews.com/201202021966/news-stories/aol-surpass-analyst-forecasts-as-ad-revenue-up-for-fourth-straight-period-%e2%80%93-nyseaol/#comments Thu, 02 Feb 2012 13:49:21 +0000 Greg Alcott http://www.epicstocknews.com/?p=1966 AOL Inc. (NYSE:AOL) advanced the most in nearly three months after quarterly profit surpassed analysts’ forecasts as display advertising sales increased for the fourth period in a row. The shares rallied 9.6% to $17.76 at the end of New York … ]]>

AOL Inc. (NYSE:AOL) advanced the most in nearly three months after quarterly profit surpassed analysts’ forecasts as display advertising sales increased for the fourth period in a row.

The shares rallied 9.6% to $17.76 at the end of New York session, the largest intraday surge since November 2. They have dropped 26% in the previous 12 months.

The New York-based company announced recently in a statement that fourth-quarter profit exclusive of some items came in at 42 cents per share, against the 32-cent average of 11 analyst forecasts collected by Bloomberg. Display advertising revenue increased 15% from a year ago.

Ken Sena, an analyst at Evercore Partners in New York, stated in an interview ahead of the earnings declaration that for AOL to transition to the future, they require to demonstrate they can grow the display dealings. He ranks AOL “equal weight” and doesn’t hold any of its shares.

CEO Tim Armstrong has boosted ad revenue with initiatives like acquisitions of the Huffington Post and TechCrunch websites to seek to restore sales losses following the December 2009 separation from Time Warner Inc.

Armstrong commented in a telephone interview, mentioning the fact that AOL has half as many employees as it did two years before, that you are seeing the long-term advantage of the operational amendments of the firm.

AOL stated that net income for the quarter dropped to $22.8 million, or 23 cents per share, against $66.2 million, or 61 cents, a year previously.

Sales dropped 3% to $576.8 million, surpassing the $566.8 million average forecast. Advertising sales rose 10%, whereas revenue from Internet-access service dropped 18%.

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Amazon Reports Earnings Result; Sales Fails to Spot Forecasts, Profit Falls 57% – NASDAQ:AMZN http://www.epicstocknews.com/201202011962/news-stories/amazon-reports-earnings-result-sales-fails-to-spot-forecasts-profit-falls-57-%e2%80%93-nasdaqamzn/#comments Wed, 01 Feb 2012 13:49:40 +0000 Horatio Alverez http://www.epicstocknews.com/?p=1962 Amazon.com Inc. (NASDAQ:AMZN) dropped as much as 11% in after-hours trading session as sales fell short of estimates, hinting that its investments in media services, Kindle devices and shipping promotions have been sluggish to pay off. The company registered Q4 … ]]>

Amazon.com Inc. (NASDAQ:AMZN) dropped as much as 11% in after-hours trading session as sales fell short of estimates, hinting that its investments in media services, Kindle devices and shipping promotions have been sluggish to pay off.

The company registered Q4 revenue of $17.4 billion, the Seattle-based company announced yesterday in a statement, missing the $18.3 billion projected by analysts in a Bloomberg survey. Net income dropped 57% to $177 million, or 38 cents per share, against $416 million, or 91 cents, a year previously.

Colin Gillis, an analyst at BGC Partners LP in New York commented that Amazon, the world’s biggest Internet retailer, got less revenue from digital media than expected, particularly in the video-game market. The company as well is depending more on third- party sellers, which can boost profit but produce less revenue than direct sales. Amazon has conditioned investors to anticipate stronger development, making the most recent results unsatisfactory.

Gillis, who rates selling Amazon stock, further stated that to trail on the top line, that’s what breaks the impetus.

Amazon dropped as much as $21.80 to $172.64 in after-hours trading session yesterday. The stock, higher 15% in the last 12 months, had settled at $194.44 earlier in the day.

The company stated that first-quarter operating income may lie in between a loss of $200 million and a gain of $100 million. Analysts were expecting a profit of $268.1 million. Sales will be in the range of $12 billion to $13.4 billion, Amazon stated, against a forecast at the top of that range.

 

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ABB to Acquire Thomas & Betts for $3.9 Billion – NYSE:ABB http://www.epicstocknews.com/201201311948/news-stories/abb-to-acquire-thomas-betts-for-3-9-billion-%e2%80%93-nyseabb/#comments Tue, 31 Jan 2012 13:06:04 +0000 Lisa Jimenez http://www.epicstocknews.com/?p=1948 ABB Ltd (ADR) (NYSE:ABB), the world’s biggest maker of power-distribution equipment, decided to acquire Thomas & Betts Corporation for $3.9 billion to develop its North American distribution network and increase sales of low-voltage gear. The Zurich-based company proposed $72 for … ]]>

ABB Ltd (ADR) (NYSE:ABB), the world’s biggest maker of power-distribution equipment, decided to acquire Thomas & Betts Corporation for $3.9 billion to develop its North American distribution network and increase sales of low-voltage gear.

The Zurich-based company proposed $72 for each share of Tennessee-based Thomas & Betts, Memphis, ABB stated in a statement today. That’s 24% above the close on January 27. ABB is giving cash for the target, and stated the transaction will be accretive within the first year after settlement.

Thomas & Betts marks the second key acquisition for ABB under Chief Executive Officer Joe Hogan, who stepped in 2008 from General Electric Co. The US is the world’s biggest marketplace for low-voltage gear, which is ABB’s most lucrative line of equipment, and Hogan stated the acquisition will help his company put up critical mass and distribute its products in the area.

Hogan stated on a call with journalists that this fills one of the biggest gaps in the company, which was not having a significant presence in the world’s biggest low- voltage market.

ABB shares dropped 1.4% to 19.15 Swiss francs at 12:02 pm in Zurich trading, providing the company a market value of 44 billion francs ($48 billion). The stock has advanced 0.9% in the previous six months, against a 5.5% fall in the 98- company Stoxx 600 Industrial Goods and Services Index.

Rival Siemens AG slipped 18% in the previous six months, whereas Thomas & Betts increased 19%.

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McKesson Acquires Canadian Pharmacy Marketing Group in a Deal Worth $918 Million – NYSE:MCK http://www.epicstocknews.com/201201311946/news-stories/mckesson-acquires-canadian-pharmacy-marketing-group-in-a-deal-worth-918-million-%e2%80%93-nysemck/#comments Tue, 31 Jan 2012 13:03:35 +0000 Greg Alcott http://www.epicstocknews.com/?p=1946 McKesson Corporation (NYSE:MCK), the largest US drug distributor, stated it decided to spend almost $918 million for the marketing and franchising businesses of over 1,000 Canadian independent pharmacies. McKesson will purchase Drug Trading and Medicine Shoppe Canada from Katz Group … ]]>

McKesson Corporation (NYSE:MCK), the largest US drug distributor, stated it decided to spend almost $918 million for the marketing and franchising businesses of over 1,000 Canadian independent pharmacies.

McKesson will purchase Drug Trading and Medicine Shoppe Canada from Katz Group Canada, a narrowly held Edmonton, Alberta-based firm. The agreement is likely to close in the first half of this year, subject to regulatory authorization in Canada, San Francisco-based McKesson stated today in a statement.

The agreement provides McKesson the marketing and purchasing arms for a network of 850 autonomous drugstores in Canada, and the franchise dealing for 160 Medicine Shoppe pharmacies, the company stated in its statement. McKesson previously is the key drug distributor for the units and will combine operations into its present Canadian business.

Chief Executive Officer John H Hammergren stated in the statement that the purchase reinforces McKesson’s continuing dedication to the independent drugstore business.

McKesson stated that the transaction is likely to be neutral to McKesson’s adjusted earnings in its existing fiscal year, and increase earnings the first year after closing. The drug distributor will compensate for the transaction with cash.

McKesson as well announced earnings exclusive of certain items for the fiscal third quarter closed December 31 of $1.40 per share, surpassing by 3 cents the average forecast of 18 analysts collected by Bloomberg. Revenue amplified 9% to $30.8 billion.

The company’s shares rose 3.4% to $81.35 at 5:57 pm New York time in after-hour trading session after the acquisition and earnings were declared. Previously, McKesson dropped below 1% to $78.69 at the settlement.

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Trinity Bank Announce 2011 Earnings; Net Income Gain 13.8 Percent – OTC:TYBT http://www.epicstocknews.com/201201311944/news-stories/trinity-bank-announce-2011-earnings-net-income-gain-13-8-percent-%e2%80%93-otctybt/#comments Tue, 31 Jan 2012 13:01:46 +0000 Brian Callom http://www.epicstocknews.com/?p=1944 Trinity Bank, N.A. (OTC:TYBT) recently reported financial and operating outcomes for the Q4 and for the twelve months closed December 31, 2011. Trinity Bank, N.A. announced Net Income After Taxes for the Q4 of $605,157.56, or $.54 a diluted common … ]]>

http://www.trinitybk.com/images/header.jpgTrinity Bank, N.A. (OTC:TYBT) recently reported financial and operating outcomes for the Q4 and for the twelve months closed December 31, 2011.

Trinity Bank, N.A. announced Net Income After Taxes for the Q4 of $605,157.56, or $.54 a diluted common share, against $525,279, or $.46 a diluted common share for the Q4 of 2010, a gain of 17.4%.

For the year 2011, Net Income After Taxes summed to $2,282,024, or $2.02 a diluted common share, against $2,004,875, or $1.74 a diluted common share for 2010, an gain of 16.1%.

Jeffrey M. Harp, President, said that operating results for the Q4 of 2011 signify their 29th successive quarter of amplified profit. They continue to enhance the return on the bank’s assets and the return on the shareholder’s investment. Whereas 2011 was a tough year, 2012 is shaping up to be uniformly demanding. However, they look ahead to maintaining their record of enahncing Trinity Bank’s performance every year.

Trinity Bank, N.A. is a commercial bank that began operations May 28, 2003. For a full financial statement, visit Trinity Bank’s website: www.trinitybk.com click on “About Us” and then click on “Investor Information.” Financial information in regulatory reporting format is also available at www.fdic.gov.

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The assembled information distributed by epicstocknews.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstocknews.com does expect that investors will buy and sell securities based on information assembled and presented herein. Epicstocknews.com will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information.

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Motorola Solutions Raises its Repurchase Program to $1 Billion, Bringing Sum To $3 Billion – NYSE:MSI http://www.epicstocknews.com/201201301939/news-stories/motorola-solutions-raises-its-repurchase-program-to-1-billion-bringing-sum-to-3-billion-%e2%80%93-nysemsi/#comments Mon, 30 Jan 2012 13:57:38 +0000 Horatio Alverez http://www.epicstocknews.com/?p=1939 Motorola Solutions Inc (NYSE:MSI) stated Monday that its board of directors has raised the company’s stock buyback approval to up to $3 billion, against the up to $2 billion formerly declared in July 2011. Schaumburg, Illinois-based Motorola Solutions noted that … ]]>

Motorola Solutions Inc (NYSE:MSI) stated Monday that its board of directors has raised the company’s stock buyback approval to up to $3 billion, against the up to $2 billion formerly declared in July 2011.

Schaumburg, Illinois-based Motorola Solutions noted that following stock buybacks of almost $1.1 billion through December 31, 2011, it will have up to almost $1.9 billion for the stock buyback program in 2012.

The company announced it will buy back shares on the open market or in private deals conditional on market circumstances, and anticipates using existing cash and cash from operations for the buybacks.

Additionally, Motorola Solutions’ board has scheduled April 30, 2012 as the date for its 2012 yearly stockholders meeting to be organized in Washington, DC, and March 2, 2012 as the record date for determining shareholders allowed voting at the yearly stockholders meeting.

Motorola Solutions was formed previous January, when Motorola Inc. was spun off into two self-governing public firms. Motorola Solutions offers public safety solutions, mobile computing technology, advanced data capture, integrated command and control communications. The firm manufactures bar-code scanners and walkie-talkies.

Most recent Wednesday, Motorola Solutions announced a drop in profit for the Q4 to $184 million or $0.56 a share against $292 million or $0.86 a share in the year-earlier period, harmed largely by one-time charges. Net sales for the quarter expanded 5% to $2.30 billion.

MSI settled Friday’s session at $45.80, higher $0.47 on a volume of 2.47 million shares.

 

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Medisafe 1 Technologies Stepping Up Talks to Purchase Additional Lifesaving Medical Technologies – OTC:MFTH http://www.epicstocknews.com/201201301941/news-stories/medisafe-1-technologies-stepping-up-talks-to-purchase-additional-lifesaving-medical-technologies-%e2%80%93-otcmfth/ http://www.epicstocknews.com/201201301941/news-stories/medisafe-1-technologies-stepping-up-talks-to-purchase-additional-lifesaving-medical-technologies-%e2%80%93-otcmfth/#comments Mon, 30 Jan 2012 13:57:20 +0000 Greg Alcott http://www.epicstocknews.com/?p=1941 A developer of patented technologies that physically prevent unauthorized administration of prescription medications, Medisafe 1 Technologies Corp. (OTC:MFTH), declared today that the company is increasing attempts to purchase firms with commercial-stage technologies that increase its existing commercial product line. Business … Continue reading ]]>

A developer of patented technologies that physically prevent unauthorized administration of prescription medications, Medisafe 1 Technologies Corp. (OTC:MFTH), declared today that the company is increasing attempts to purchase firms with commercial-stage technologies that increase its existing commercial product line.

Business development attempts are underway to purchase firms with medical devices or lifesaving technologies that are previously revenue producing.

Jacob Elhadad, CEO of Medisafe 1 Technologies Corp, stated that Medisafe 1 Technologies carries on its attempts to become a leading developer of lifesaving medical technology. They are now in the market for firms that have previously proven an ability to make revenues with medical technologies. These technologies will compliment Medisafe 1 Technologies’ patented syringe locking device and transfusion bag locking device that have previously confirmed to be commercially-viable.

Its stock traded flat at $0.02 with the total traded volume of 0.55 million shares beating the average volume of 0.10 million.

Its shares were trading within the range of $0.01-$0.02 while its opening price was $0.02. Its market capitalization is $ 853,550.00. Its stock price 52 weeks low was $0.001 and 52 weeks high price was $0.26.

Medisafe 1 Technologies seeks to effectively prevent unauthorized administration of a drug or medicinal substance by hypodermic needle.  Medisafe’s patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.

 

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The assembled information distributed by epicstocknews.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstocknews.com does expect that investors will buy and sell securities based on information assembled and presented herein. Epicstocknews.com will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information.

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Wendy’s Reports 30% Loss in Quarterly Income – NASDAQ:WEN http://www.epicstocknews.com/201201301937/news-stories/wendys-reports-30-loss-in-quarterly-income-%e2%80%93-nasdaqwen/ http://www.epicstocknews.com/201201301937/news-stories/wendys-reports-30-loss-in-quarterly-income-%e2%80%93-nasdaqwen/#comments Mon, 30 Jan 2012 13:52:52 +0000 Brian Callom http://www.epicstocknews.com/?p=1937 The Wendy’s Company (NASDAQ:WEN) Q4 earnings dropped 30% as charges masked the fast-food chain’s enhanced same-store sales and greater-than-anticipated revenue expansion. Wendy’s has observed its bottom line pressured by increasing commodity costs and amplified marketing attempts of late. But the … Continue reading ]]>

The Wendy’s Company (NASDAQ:WEN) Q4 earnings dropped 30% as charges masked the fast-food chain’s enhanced same-store sales and greater-than-anticipated revenue expansion.

Wendy’s has observed its bottom line pressured by increasing commodity costs and amplified marketing attempts of late. But the company has stated its October launch of the Dave’s Hot ‘N Juicy cheeseburger product line surpassed forecasts, assisting the most recent period mark the strongest same-store sales expansion since the second quarter of 2004, and it anticipated the continued sales strength of its Asiago Ranch Chicken Club to boost same-store sales expansion. Wendy’s as well hopes to encourage long-term growth by investing in breakfast and other new menu objects, like its own Redhead Roasters coffee blend, and growing globally.

Wendy’s announced a profit of $4.3 million, lower from $6.1 million a year previously. Earnings were a penny in both quarters on a per-share basis, because of fewer shares outstanding in the latest quarter. Exclusive of items like Arby’s transaction-associated costs and asset impairment, earnings from ongoing operations increased to 4 cents against 3 cents. Revenue surged 5.6% to $615 million.

Analysts surveyed by Thomson Reuters had latterly predicted earnings of 4 cents on sales of $613 million.

At North America locations, Systemwide same-store sales open at least a year increased 4.4%. For company-held restaurants in North America, same-store sales increased 5.1% and margins advanced to 15% against 14%.

The company anticipates same-store sales in 2012 to expand 2% against 3%.

Shares settled Friday at $5.21. The stock has dropped 2.8% up to now this year.

 

 

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Sierra Vista Bank Reports EPS of $0.08 in 2011 – OTC:SVBA http://www.epicstocknews.com/201201271933/news-stories/sierra-vista-bank-reports-eps-of-0-08-in-2011-%e2%80%93-otcsvba/ http://www.epicstocknews.com/201201271933/news-stories/sierra-vista-bank-reports-eps-of-0-08-in-2011-%e2%80%93-otcsvba/#comments Fri, 27 Jan 2012 17:28:50 +0000 Lisa Jimenez http://www.epicstocknews.com/?p=1933 Sierra Vista Bank (OTC:SVBA) recently announced it made $159,000, or $0.08 a share in earning, in 2011 against a loss of ($3,448,000), or ($1.88) a share for 2010.  For the Q4 of 2011, Sierra Vista Bank made $64,000, or $0.03 … Continue reading ]]>

Sierra Vista Bank (OTC:SVBA) recently announced it made $159,000, or $0.08 a share in earning, in 2011 against a loss of ($3,448,000), or ($1.88) a share for 2010.  For the Q4 of 2011, Sierra Vista Bank made $64,000, or $0.03 a share in earnings, against a loss of ($908,000), or ($0.45) a share for the similar quarter a year previously.

Gregory Patton, President/CEO of Sierra Vista Bank, stated that lesser provisions for loan losses, smaller operating expenses and a sustained strong net interest margin contributed to the solid profitability they generated in the last half of the year. They are adjusting to the present environment and are continuing to spotlight on containing their expenses.

Sierra Vista Bank’s net interest margin stays strong, closing the Q4 of 2011 at 4.91%, with its cost of funds declining to 0.39% whereas the yield on loans stays steady.  This compares to a net interest margin at the close of the Q4 of 2010 of 4.90% and a cost of funds of 0.74%.

Sierra Vista Bank is a locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam’s Town Center in Cameron Park.  The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy.

Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling (916) 850-1500.

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