China Unicom H1 Profit Exceeds Estimates

China Unicom H1 Profit Exceeds Estimates

China Unicom (Hong Kong) said Friday its profit attributable to shareholders in the first six months of the year rose 69% from a year earlier to approximately RMB2.4 billion ($360 million), exceeding the RMB2.03 billion net profit estimate from analysts polled by Capital IQ. Revenue declined 1.5% to RMB138.2 billion, missing the RMB139.18 billion consensus estimate. Meanwhile the company warned about business developments in H2. “Looking ahead to the second […]

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Lakeland Bancorp Q2 Earnings, Revenue Beat Street Estimate

Lakeland Bancorp Q2 Earnings, Revenue Beat Street Estimate

Lakeland Bancorp said Thursday its Q2 diluted earnings amounted to $0.28 per share, up from $0.24 per share a year ago and beating the expectations of three analysts polled by Capital IQ of $0.27 per share. Lakeland reported revenue, a combination of net interest income and noninterest income, at $47.5 million, up from $39.6 million in the same period a year ago and beating analyst’s estimations of $45.9 million. The […]

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Tecogen Sells Five Combined Heating and Power Units

Tecogen Sells Five Combined Heating and Power Units

Tegogen, a clean energy company providing natural gas powered on-site power, heating and cooling equipment, said on Thursday that it sold five InVerde e+ combined heat and power units to a pharmaceutical company located in the San Francisco Bay area of California. The 625-kilowatt system will be installed in conjunction with absorption chillers to create a highly efficient natural gas powered tri-generation system that will provide power, heating and cooling […]

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Navidea Enters into Distribution Deal in India

Navidea Enters into Distribution Deal in India

Navidea Biopharmaceuticals shares were over 3% higher Tuesday after the company said that it has entered into an exclusive license and distribution agreement with Sayre Therapeutics for the development and commercialization of Tc 99m tilmanocept in India Tc 99m tilmanocept kit is used for radiopharmaceutical preparation for imaging and intraoperative detection of sentinel lymph nodes draining a primary tumor in adult patients with breast cancer. Under the terms of the […]

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Pandora Media Shares Gain

Pandora Media Shares Gain

Pandora Media shares edged up after the NY Post said Verizon (VZ) is considering a $100 million investment in the company if Pandora fails to reach an outright sale to SiriusXM (SIRI). Verizon could be interested in data from Pandora’s 80 million, mostly young mobile users, the story noted. If Pandora and SiriusXM can’t come to terms, Pandora has lined up other options. Private equity firm KKR (KKR) said last […]

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Fidelity and Guaranty Life Shares Gain

Fidelity and Guaranty Life Shares Gain

Fidelity and Guaranty Life edged up to a record high on Tuesday after Bloomberg said Blackstone Group (BX) and Ares Management (ARES) are among the bidders for the company. They are preparing to make a new round of bids for Fidelity after submitting offers for the company about a month ago, sources told Bloomberg. Athene Holding Ltd., the Apollo Global Management LLC (APO)-backed annuities seller that analysts pegged as a […]

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NetScout Shares Drop

NetScout Shares Drop

NetScout Systems (NTCT) shares fell 8% in morning trading on Thursday after the provider of products that gauge network performance provided downbeat revenue guidance for the current fiscal year. For FY18, the company expects non-GAAP revenue to be relatively flat compared with FY17, and non-GAAP EPS growth to be, on a percentage basis, in the mid-single to high single-digit range. Analysts had predicted $1.25 billion in revenue, and $2.13 in […]

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