• Finance

  • 30.Dec
  • Prospect Medical Holdings Reports Fiscal 2008 Fourth Quarter and Year-End Financial Results
  • Prospect Medical Holdings, Inc. (NYSE Alternext US: PZZ), which owns and operates four community-based hospitals and manages the medical care of approximately 194,000 HMO enrollees in southern California, today announced financial results for its fiscal 2008 fourth quarter and year ended September 30, 2008. These results include the operations of the ProMed Entities (“ProMed”), acquired on June 1, 2007, and Alta Hospitals System (“Alta”), acquired on August 8, 2007, since their acquisition dates. Results for all periods exclude the Antelope Valley entities, since their sale on August 1, 2008 and pre-sale results have been classified as discontinued operations in the consolidated financial statements.

  • 29.Dec
  • Palm Reports Q2 FY09 Results
  • Palm, Inc. (NASDAQ:PALM) today reported that total revenue in the second quarter of fiscal year 2009, which ended Nov. 28, 2008, was $191.6 million. Smartphone sell-through for the quarter was 599,000 units, down 13 percent year over year. Smartphone revenue was $171.0 million, down 39 percent from the year-ago period.

  • 19.Dec
  • Medical Nutrition USA, Inc. Reports 26% Increase in Branded Products Unit Sales
  • Medical Nutrition USA, Inc. (NASDAQ:MDNU) today announced financial results for the third fiscal quarter and the nine months ended October 31, 2008. Branded product revenue increased 11% to $3,048,200 from $2,746,600 on a 26% increase in unit sales offset by price reductions. Total sales increased to $3,426,700 compared to $3,419,800 on higher branded product sales offset by lower private label sales of $378,700 compared to $673,200. Gross margin was stable at approximately 53% of sales ($1,812,000 compared to $1,795,200). Selling, general and administrative expenses increased to $1,899,600, or 55% of sales, compared to $1,519,900, or 44% of sales, primarily as a result of increased Sales and Marketing expenses of $305,900 for the Company’s previously announced increase in its sales force and other marketing expenses, and $55,000 in expenses for impending retail introductions. Net cash provided by operating activities was $492,200 compared to $598,600 in the prior year period. Net loss was ($50,900) or ($0.00) per share compared to net income of $220,000 or $0.01 per share. Strong cash position with over $9.6 million in cash and short term investments and no debt.

  • 17.Dec
  • AT&T Announces 2.5% Dividend Increase, Marking a Quarter Century of Dividend Increases
  • AT&T Inc. (NYSE:T) today announced that its board of directors has approved a 2.5 percent increase in the company’s quarterly dividend, marking AT&T’s 25th consecutive annual dividend increase, a record unmatched among major telecom companies. AT&T directors increased the dividend rate from $0.40 to $0.41 a share on a quarterly basis and from $1.60 to $1.64 a share on an annual basis.

  • News

  • 05.Jan
  • Disability Access Corporation Files Form 10 Registration Statement With S.E.C.
  • The Board of Directors of Disability Access Corporation (Pink Sheets: DBYC), a subsidiary of PTS, Inc. (OTCBB: PTSH), reported today that on December 24, 2008, Disability Access Corporation’s Form 10 registration statement was submitted and accepted by the U.S. Securities and Exchange Commission. This filing is the main requirement for the Company becoming an issuer on the NASDAQ OTC exchange.

  • 23.Dec
  • Quiksilver Reports Q4 Results
  • Quiksilver, Inc. (NYSE: ZQK) today announced operating results for the fourth quarter and full year ended October 31, 2008. Consolidated net revenues for the fourth quarter of fiscal 2008 increased 3% to $606.9 million compared to $587.3 million in the fourth quarter of fiscal 2007. Fourth quarter pro-forma income from continuing operations was $41.6 million or $0.32 per share, and excludes a $55.4 million goodwill impairment charge associated with the company’s revised outlook for its business in the Asia/Pacific region.

  • Economy

  • 02.Jan
  • NRG’s Second Wind Farm, Elbow Creek, Achieves Commercial Operation
  • NRG Energy, Inc. (NYSE: NRG) has completed construction on its second wind farm, the 122-megawatt (MW) Elbow Creek Wind Project in Howard County near Big Spring, Texas. The wind farm, was developed by NRG subsidiary Padoma Wind Power LLC, and is being dispatched by NRG Texas.

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  • 26.Dec
  • Revenues for Core Businesses Hold Level in Tough Economy
  • Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today reported results for the fiscal 2009 second quarter ended November 30, 2008. Revenue from continuing operations for the second quarter was $661.6 million compared to $687.6 million in the prior year period. Excluding the impact of foreign exchange, revenue from continuing operations declined 1% year over year.

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  • Disability Access Corporation Files Form 10 Registration Statement With S.E.C.

    The Board of Directors of Disability Access Corporation (Pink Sheets: DBYC), a subsidiary of PTS, Inc. (OTCBB: PTSH), reported today that on December 24, 2008, Disability Access Corporation’s Form 10 registration statement was submitted and accepted by the U.S. Securities and Exchange Commission. This filing is the main requirement for the Company becoming an issuer on the NASDAQ OTC exchange.

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