Shares of Diana Containerships were slumping Wednesday after the operator of containerships reported Q2 results that missed expectations compiled by Capital IQ and said it would suspend its quarterly dividend. For Q2, the company swung to a loss of $0.88 per share from a profit of $0.10 per share a[Read More…]
RTI Surgical shares were lower 10% on Wednesday after the surgical implant company reported a breakeven Q2 result compared to a profit of $0.05 per diluted share a year ago, missing the $0.03 profit estimate from analysts polled by Capital IQ. Revenue in Q2 fell to $67.6 million from $71.6[Read More…]
Fiat Chrysler Automobiles N.V said it will invest $1.48 billion in its Sterling Heights Assembly Plant (Mich.) to build the next generation Ram 1500 pickup truck, and support the future growth of the Ram brand. The company also said that production of the Chrysler 200 will end in December in[Read More…]
Frequency Electronics (FEIM) shares rose 8% on Monday after the provider of precision time and frequency technology provided a positive outlook after reporting an unchanged loss per share of $0.01 in the fiscal Q4. In the quarter ended April 30, revenue fell to $14.2 million from $19.2 million. No analyst[Read More…]
Inventergy Global shares were higher 10% on Friday after the company said it has entered into a definitive agreement with institutional investors for the private placement of $3.0 million in convertible stock and warrants. The Silicon Valley intellectual property company intends to use $2.5 million of the proceeds to redeem[Read More…]
