latest news releases from the newsroom
Builders FirstSource, Inc.
Builders FirstSource Reports Third Quarter 2008 Results
DALLAS, Oct. 23, 2008 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (Nasdaq:BLDR), today reported a net loss of $18.9 million, or $0.53 loss per diluted share, on sales of $288.3 million for the third quarter ended September 30, 2008. These results compare to a net loss of $12.0 million, or $0.34 loss per diluted share, on sales of $413.9 million for the third quarter ended September 30, 2007.
Sun American Bancorp
Sun American Bancorp Reports Third Quarter 2008 Results
BOCA RATON, Fla., Oct. 23, 2008 (GLOBE NEWSWIRE) -- Sun American Bancorp ("Sun American") (Nasdaq:SAMB), the bank holding company for Sun American Bank, today reported a net loss of $1.3 million or $0.13 per diluted share, in the third quarter of 2008, compared to net loss of $467,000, or $0.04 per diluted share, in the third quarter of 2007. For the nine months ended September 30, 2008, the net loss was $3.8 million or $0.37 per diluted share, compared to net loss of $251,000 or $0.02 per diluted share for the nine months ended September 30, 2007.
WSFS Financial Corporation
WSFS Reports EPS of $0.90 for the 3rd Quarter 2008; $0.12 Dividend Declared, a 20 Percent Increase From 3rd Quarter 2007
WILMINGTON, Del., Oct. 23, 2008 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of Wilmington Savings Fund Society, FSB, reported quarterly diluted earnings per share of $0.90, or net income of $5.7 million, compared to $1.11, or $7.1 million in the third quarter of 2007. Net income for the first nine months of 2008 was $19.6 million, or $3.12 per diluted share, compared to $22.2 million, or $3.38 in 2007.
XOMA to Present At the BIO Investor Forum On October 30
BERKELEY, Calif., Oct. 23, 2008 (GLOBE NEWSWIRE) -- XOMA Ltd. (Nasdaq:XOMA), a leader in the discovery and development of antibody therapeutics, announced today that Steven Engle, XOMA's Chairman and Chief Executive Officer, is scheduled to present at the BIO Investor Forum. The presentation will take place in San Francisco on Thursday, October 30, 2008 at 5:15 pm EDT.
Finkelstein Thompson LLP
Finkelstein Thompson LLP Announces Investigation of Cadence Design Systems
WASHINGTON, Oct. 23, 2008 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is currently investigating Cadence Design Systems (Nasdaq:CDNS) following the announcement that Cadence was indefinitely delaying its third-quarter earnings report and expected to restate its financial reports for the first half of 2008. In reaction to this news, Cadence's share price plummeted almost 25% on October 23, 2008.
City National Bank
City National Corp. Reports Third-Quarter 2008 Net Income of $16.6 Million, or $0.34 per Share; Year-to-Date Net Income Totals $96 Million, or $1.98 per Share
LOS ANGELES, Oct. 23, 2008 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN) (www.cnb.com), the parent company of wholly owned City National Bank, today reported third-quarter 2008 net income of $16.6 million, or $0.34 per share. Excluding charges of $19.6 million, or $0.40 per share, for the impairment of Fannie Mae, Freddie Mac and other securities, third-quarter net income amounted to $36.2 million, or $0.74 per share. In the third quarter of 2007, the company earned $1.22 per share on net income of $60.1 million.
Rand Capital Corporation
Rand Capital Announces Third Quarter Results
BUFFALO, N.Y., Oct. 23, 2008 (GLOBE NEWSWIRE) -- Rand Capital Corporation (Nasdaq:RAND) ("Rand"), a business development company (BDC) that provides capital and managerial expertise for small to medium-sized private companies, announced its financial results for the third quarter ended September 30, 2008 highlighting a net asset value of $3.39 per share, a decrease of $0.06 (2%) from June 30, 2008. At the end of the third quarter, Rand's total investment portfolio was valued at $25.6 million, which exceeds its cost basis of $13.5 million, reflecting $12.1 million in net unrealized appreciation.