latest news releases from the newsroom
Express Scripts, Inc.
Express Scripts Reports Strong Second Quarter Earnings
ST. LOUIS, July 25, 2007 (PRIME NEWSWIRE) -- Express Scripts, Inc. (Nasdaq:ESRX) announced second quarter net income of $152.7 million, or $0.57 per diluted share. Excluding a non-recurring gain on the sale of stock that is discussed below, earnings per diluted share was $0.56, a 47 percent increase over $0.38 per diluted share for the same quarter last year. All per share amounts have been adjusted to reflect the Company's 2-for-1 stock split, which was effective June 22, 2007.
Bassett Furniture Industries, Inc.
Bassett Furniture Declares Dividend
BASSETT, Va., July 25, 2007 (PRIME NEWSWIRE) -- Bassett Furniture Industries Inc. (Nasdaq:BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $.20 per share payable on September 4, 2007, to shareholders of record on August 17, 2007.
CyberFund, Inc. Announces that ROK Launches Music-To-Mobile Media Store
NEW YORK, July 25, 2007 (PRIME NEWSWIRE) -- CyberFund, Inc. (OTCBB:CYFD) announced today that ROK Entertainment Group, the UK-based mobile technologies and applications development company, had launched its ROK Media Store, following a 4-month trial and testing process. In May, 2007, ROK announced it had agreed to be acquired by CyberFund in a Share Exchange Agreement.
State Bancorp, Inc.
State Bancorp, Inc. Reports Second Quarter Earnings and Declares Cash Dividend of $0.15
NEW HYDE PARK, N.Y., July 25, 2007 (PRIME NEWSWIRE) -- State Bancorp, Inc. (Nasdaq:STBC), parent company of State Bank of Long Island, today reported net income for the second quarter of 2007 of $930 thousand versus $3.0 million a year ago. Diluted earnings per common share were $0.06 in the second quarter of 2007 and $0.27 in the comparable 2006 period. The reduction in net income in 2007 is primarily attributable to the previously announced employee Voluntary Exit Window program, which resulted in a one-time, after-tax charge of $2.2 million ($3.1 million pre-tax) during the second quarter reflecting termination costs associated with program participants. The other primary factor negatively impacting second quarter net income was a reduction in net interest income resulting from a lower net interest margin versus 2006. Net interest margin improved by 14 basis points to 3.82% when compared to the first quarter of 2007. Year-to-date net income was $2.7 million, or $0.19 per diluted share, compared to $5.7 million or $0.51 per diluted share in 2006.