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.
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.
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.
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.