latest news releases from the newsroom
Cascade Financial Corp.
Cascade Financial Earns Second Quarter Profits of $3.6 Million, or $0.30 Per Diluted Share
EVERETT, Wash., July 22, 2008 (PRIME NEWSWIRE) -- Cascade Financial Corporation (Nasdaq:CASB), parent company of Cascade Bank, today reported it earned $3.6 million, or $0.30 per diluted share, in the second quarter of 2008, compared to record earnings of $4.0 million, or $0.32 per diluted share in the second quarter a year ago. For the first six months of 2008 net income was $6.2 million, or $0.51 per diluted share, compared to $7.7 million, or $0.63 per diluted share, in the first six months of 2007. Second quarter results include a $1.2 million loan loss provision compared to $250,000 for the same quarter last year. The loan loss provision for the first six months of the year was $3.6 million versus $500,000 in the first half of 2007. This provision reflects an increase in nonperforming loans and the general slowdown in the local housing market.
Horizon Financial Corp.
Horizon Financial Reports Profitable First Quarter of Fiscal 2009
BELLINGHAM, Wash., July 22, 2008 (PRIME NEWSWIRE) -- Horizon Financial Corp. (Nasdaq:HRZB) today reported a profitable first quarter of fiscal 2009 despite recording a $3 million provision for loan losses. Horizon reported earnings of $2.0 million or $0.17 per diluted share, for the quarter ended June 30, 2008, compared to earnings of $5.0 million, or $0.41 per diluted share for the comparable quarter in 2007 and earnings of $3.8 million, or $0.31 per diluted share for the immediate prior quarter of March 31, 2008.
Manhattan Associates Reports Second Quarter 2008 Revenue and Earnings
ATLANTA, July 22, 2008 (PRIME NEWSWIRE) -- Leading supply chain optimization provider Manhattan Associates, Inc. (Nasdaq:MANH) today reported second quarter 2008 Earnings Per Share (EPS) in line with guidance previously issued for the quarter and affirmed its Earnings Per Share guidance for the full year. Manhattan Associates' second quarter GAAP diluted earnings per share were $0.37, a 16% increase over the second quarter of 2007 on revenue of $90.5 million, a 1% increase. On a non-GAAP basis, adjusted diluted earnings per share were $0.42, a 17% increase over the second quarter of 2007.
Kentucky Energy, Inc.
Quest Announces Teleconference Update
PATERSON, N.J., July 22, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, will hold a conference call Tuesday, July 29, 2008 at 2PM ET to provide an operational update on the progress regarding their Pond Creek and Cedar Grove mines held by its wholly-owned subsidiary, Gwenco Inc.
Pride International, Inc.
Pride International, Inc. Announces Contract Award for Deepwater Semisubmersible Rig Pride South Pacific
HOUSTON, July 22, 2008 (PRIME NEWSWIRE) -- Pride International, Inc. (NYSE:PDE) announced today that its deepwater semisubmersible rig, the Pride South Pacific, has been awarded a two-well, estimated 90-day contract by an international oil and gas exploration and production company for drilling operations offshore West Africa. The contract is expected to commence during early July 2009, following the completion of an existing contract commitment offshore Angola and mobilization to the new location. The contract also provides for two one-well options that if exercised, would extend the firm period of the contract by an estimated 75 days. Revenues that could be generated over the estimated 90-day firm contract period are approximately $58.5 million, excluding revenues for mobilization, demobilization and client reimbursables.
Anchor BanCorp Wisconsin Inc.
Anchor Bancorp Wisconsin Inc. Announces First Quarter Dividend
MADISON, Wis., July 22, 2008 (PRIME NEWSWIRE) -- Anchor BanCorp Wisconsin Inc. (Nasdaq:ABCW) announced that the Board of Directors has declared a dividend for the first quarter of its 2009 fiscal year of $.10 to be paid on August 15, 2008 to shareholders of record as of August 1, 2008.
Entegris to Report Results for Second Quarter of 2008 On July 29, 2008
CHASKA, Minn., July 22, 2008 (PRIME NEWSWIRE) -- Entegris, Inc. (Nasdaq:ENTG) will release its second-quarter financial results for fiscal 2008 before the opening of the market on Tuesday, July 29, 2008. A teleconference with management is scheduled for the same day at 10:00 a.m. Eastern Time (ET).
Monroe Bancorp Reports Earnings of $1,860,000 or $0.299 Per Share for the Second Quarter of 2008
BLOOMINGTON, Ind., July 22, 2008 (PRIME NEWSWIRE) -- Monroe Bancorp (the "Company") (Nasdaq:MROE), the independent Bloomington-based holding company for Monroe Bank (the "Bank"), today reported net income of $1,860,000 or $0.299 per diluted common share, for the quarter ended June 30, 2008, compared to $2,190,000 or $0.346 per diluted common share for the same period in 2007. This represents a 15.1 percent decrease in net income and a 13.6 percent decrease in diluted earnings per share. Return on average assets (ROAA) and return on average equity (ROAE) for the second quarter of 2008 were 0.96 percent and 13.26 percent, respectively, compared to 1.17 percent and 16.93 percent respectively for the second quarter of 2007.