Associated Banc Corp (NASDAQ:ASBC) posted second-quarter net
income of $42.0 million or $0.24 per share, as against $25.6 million or $0.15
per share in the same quarter last year. Net interest income was $154.3
million, as compared to $154.1 million in the year ago period. Total
non-interest income for the quarter was $76.0 million, as compared to $61.6
million in the comparable period a year earlier. Analysts expected earnings of
$0.24 per share on revenues of $237.15 million for the quarter.
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B&G Foods, Inc. (NYSE:BGS)shares declined 0.97% to
$26.49 in the after hour trading after the company posted second-quarter GAAP
net income of $16.0 million or $0.33 per share, versus $12.6 million, or $0.26
per share, in the year ago period. Net sales increased 14.8% to $148.6 million
from $129.4 million for the comparable period last year. Analysts expected the
company to earn $0.31 per share on revenues of $154.88 million for the quarter.
Additionally, the company reconfirmed its EBITDA guidance
for fiscal 2012 of approximately $166.0 million to $170.0 million.
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Cubist Pharmaceuticals Inc (NASDAQ:CBST) posted
second-quarter net income of $43.1 million or $0.58 per share, as compared to a
net loss of $20.6 million or $0.34 per share in the comparable quarter last year.
Excluding items, non-GAAP net income for the quarter was $57.4 million or $0.68
per share, compared to $43.5 million or $0.53 per share last year. Net revenues
for the quarter rose 30% to $230.6 million. Analysts expected the company to
earn $0.45 per share on revenues of $226.05 million for the quarter.
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Electronics For Imaging, Inc. (NASDAQ:EFII) stock gained
2.61% to $15.73 in the after hour trading after the company announced that it
has reached an agreement to sell its headquarters building in Foster City,
California for $180 million to Gilead Sciences, Inc. (Gilead). The transaction
is expected to close in October 2012, subject to various closing conditions.
The Company will continue to occupy the building for up to 12 months after the
closing, and expects to relocate its Foster City operations to a new San
Francisco Bay Area location.
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Forward Air Corporation (NASDAQ:FWRD) reported
second-quarter net income of $14.2 million or $0.48 per share, as compared to
$12.0 million or $0.40 per share in the comparable quarter last year. Revenue
for the quarter rose 12.2% to $148.33 million, versus $132.19 million in the
same quarter a year ago. Analysts expected earnings of $0.46 per share on
revenues of $147.22 million.
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