Cincinnati Bell Inc. (NYSE:CBB) stock climbed 7.75% to $4.03 after the company posted second quarter revenue of $368 million. Operating income for the quarter was $65 million, as compared to $78 million in the second quarter of 2011, while net income of $5 million resulted in diluted earnings per share of $0.01, as compared to $0.05 a share in the second quarter of 2011.
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Additionally, the company announced that CyrusOne Inc., the wholly owned subsidiary that owns and operates Cincinnati Bell's data center business, has filed a registration statement on Form S-11 with the Securities and Exchange Commission (SEC) in connection with CyrusOne's proposed initial public offering of its common stock. A portion of the proceeds from the initial public offering will be used to repay outstanding indebtedness of CyrusOne owed to Cincinnati Bell.
LMI Aerospace, Inc. (NASDAQ:LMIA) stock gained 3.19% to $19.42 after the company announced that it has acquired TASS Inc., an after-market engineering and support services firm. Financial terms were not mentioned.
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Moreover, the company updated fiscal 2012 guidance and expects net sales to be net sales between $282.0 million and $298.0 million. For fiscal 2013, it expects net sales between $314.0 million and $332.0 million. Analysts are expecting the company to report revenue of $286 million for fiscal 2012 and revenue of $314 million for fiscal 2013.
NxStage Medical, Inc. (NASDAQ:NXTM) shares fell 6.06% to $14.94 in the early hour after the company reported second quarter net loss of $5.1 million or $0.09 per share, as compared to the loss of $5.6 million or $0.10 per share last year. Quarterly revenues rose 10% to $59.0 million from $53.8 million in the previous year. Analysts expected the company to report a loss of $0.09 per share on revenues of $58.32 million for the quarter.
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United Continental Holdings Inc (NYSE:UAL) shares declined 1.25% to $18.19 in the morning hour after the company reported that its consolidated traffic for July 2012 decreased 2.8% to 19.91 billion from 20.48 billion in the same month last year. Consolidated capacity for the month of July decreased 2.1% to 23.00 billion from 23.49 billion in the year ago month. Consolidated passenger load factor was 86.6%, from 87.2% in the same month last year.
Carlyle Group LP (NASDAQ:CG) stock dropped 2.74% to $23.80 after the company posted second quarter economic net loss of $57 million, down from a profit of $237 million a year ago. Revenue plunged 90% to $61 million. Under generally accepted accounting principles, the company reported a loss of $10 million.