latest news releases from the newsroom
Willis Lease Finance Corp.
Willis Lease Finance Reports Total Assets Surpass $1.0 Billion as First Quarter 2009 Net Income Grows 38% to $7.0 Million
NOVATO, Calif., May 11, 2009 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (Nasdaq:WLFC), a leading lessor of commercial jet engines, today reported its total assets surpassed $1 billion as continued growth in the lease portfolio and high utilization of lease assets contributed to a 7% increase in total revenue. Aided by a tax adjustment of $1.8 million related to a change in California state tax law in the quarter that reduces the company's future corporate tax rate, net income increased 38% to $7.0 million for the quarter ended March 31, 2009, compared to $5.1 million in the first quarter a year ago. Net income available to common shareholders increased 44% to $6.2 million, or $0.72 per diluted share, in the first quarter of 2009, compared to $4.3 million, or $0.49 per diluted share, in the same quarter a year ago.
Axcelis Technologies, Inc.
Axcelis Announces Financial Results for First Quarter 2009
BEVERLY, Mass., May 11, 2009 (GLOBE NEWSWIRE) -- Axcelis Technologies, Inc. (Nasdaq:ACLS) today announced financial results for the first quarter ended March 31, 2009. The Company reported first quarter revenue of $25.7 million, compared to $42.0 million for the fourth quarter of 2008. Net loss for the first quarter was $29.2 million, or $0.28 per share. This compares to a net loss for the fourth quarter of 2008 of $141.4 million, or $1.37 per share, which includes charges for restructuring of $3.4 million ($0.03 per share), impairment of intangible and long-lived assets of $46.9 million ($0.46 per share), impairment of goodwill of $42.1 million ($0.41 per share), and excess inventory of $23.2 million ($0.23 per share). In the corresponding quarter for the previous year, the Company reported revenues of $84.9 million, and net loss of $11.1 million, or $0.11 per share.
Immunomedics Announces Clinical Updates and Third Quarter Fiscal 2009 Results
MORRIS PLAINS, N.J., May 11, 2009 (GLOBE NEWSWIRE) -- Immunomedics, Inc. (Nasdaq:IMMU), a biopharmaceutical company focused on developing monoclonal antibodies to treat cancer and other serious diseases, today reported financial results for the third quarter ended March 31, 2009. The Company also highlighted recent key developments and planned activities for its clinical pipeline.
Gilat Satellite Networks Ltd.
Gilat Announces First Quarter 2009 Results
PETAH TIKVA, Israel, May 11, 2009 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the quarter ending March 31, 2009.