Learning Tree International (NASDAQ:LTRE) announced a quarterly loss of 10 cents per diluted share, down from earnings of 17 cents in the same quarter last year. Results were hurt by a 28% plunge in revenue year over year, as well as a one-time expense in anticipation of settling a U.S. Government claim. The company characterized the economic conditions of the past year as the most severe seen during the company's 35 year history. Learning Tree shares fell 6 and a half percent in Friday trading.
Ulticom (ULCM), provider of components serving the telecommunications industry, announced a quarterly loss of 8 cents per share. That compares to a 20 cent loss in the same quarter last year. Revenues were up 4% year over year but declined 9% sequentially. The company said the recession continues to weigh on carrier spending. Shares of Ulticom fell more than 10%.
Quicksilver Gas Services (KGS) announced an agreement with Quicksilver Resources (NYSE:KWK) to purchase midstream assets associated with the Alliance project for just over 87 million dollars. In connection with the deal, Quicksilver Gas Resources announced it priced an offering of 4 million common units at 21 dollars and 10 cents each. The company said it will draw on its credit facility to fund the purchase, and then later pay down the facility with the proceeds from the offering. Shares of Quicksilver Gas Services fell about 6 and three quarters percent.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
VF is an awesome community of bright, serious, passionate
Launch related slideshow
Wednesday 6/19 Insider Buying Report: BXP, SRPT
Wednesday 6/19 Insider Buying Report: MVC
Tuesday 6/18 Insider Buying Report: CTSH
Daily Wrap: June 19, 2013
Subscription Revenue Climbs at Adobe
Earnings Slump at FedEx in Fiscal Q4
New Analyst Coverage: ING, KO, SPN
Analyst Moves: AIG, ADBE, BLL
Analyst Moves: BBRY, CLF, AEO
Wednesday Sector Leaders: Real Estate, Oil & Gas Refining & Marketing Stocks
Wednesday Sector Laggards: Waste Management, General Contractors & Builders
Tuesday Sector Leaders: Agriculture & Farm Products, Entertainment
Wednesday's ETF with Unusual Volume: IWC
FXI, FPA: Big ETF Outflows
XLE, IPD: Big ETF Inflows
Daily Dividend Report: LLL, MA, BXP, EPR, CWCO
Mortgage REIT Dividend Report: HTS, NYMT, AGNC, MTGE
Daily Dividend Report: FITB, IVR, AMTG, SUI, USB
Jobless Claims Fall to New Five Year Low
US Employers Add 175k in May
Jobless Claims Fall By 11,000
Weekly Market Wrap: June 14, 2013
Weekly Market Wrap: June 7, 2013
Weekly Market Wrap: May 31, 2013
Week Ahead Market Report: June 17, 2013
Week Ahead Market Report: June 10, 2013
Week Ahead Market Report: June 3, 2013