Cathay General Bancorp Posts Q4 EPS In Line with Estimates

Cathay General Bancorp Posts Q4 EPS In Line with Estimates

Cathay General Bancorp reported late Wednesday financial results for Q4, with earnings that matched estimates and better-than-expected revenue. The bank holding company for Cathay Bank posted adjusted earnings of $0.60 per share, compared with the prior-year period’s $0.51 per share. Analysts polled by Capital IQ were expecting EPS of $0.60. Revenue, calculated as the sum of net interest income and non-interest income, was $117.9 million, up from $108.8 million in […]

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Planet Payment Partners with United Airlines and UnionPay

Planet Payment Partners with United Airlines and UnionPay

Planet Payment has joined with United Airlines (UAL) and UnionPay International to launch the UnionPay credit card that can be used with United Airlines for reservations and other ticket purchases for Chinese travelers. UnionPay credit card, with the help of Planet Payment, gives customers the ability to use UnionPay card products directly with United. Planet Payment provides international payment processing and multi-currency processing services. The first phase of this launch […]

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Avis Budget Group Adopts Short-Term Stockholder Rights Plan

Avis Budget Group Adopts Short-Term Stockholder Rights Plan

Avis Budget Group said Monday it has adopted a short-term stockholder rights plan in reaction to recent acquisitions of the company’s stock by SRS Investment Management. SRS has accumulated a 28.5% “economic interest” in Avis that includes voting power over approximately 9.7% of the outstanding shares. Avis and SRS had entered into an agreement in January 2016 which contains standstill provisions which expire Jan 25, as well as SRS board […]

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Landstar System Up Slightly in Late Trade After Topping Q3 Earnings Expectations; Q4 EPS Outlook Also Beats Street View

Landstar System Up Slightly in Late Trade After Topping Q3 Earnings Expectations; Q4 EPS Outlook Also Beats Street View

Landstar System Inc. (LSTR) was edging higher in Wednesday late trading after the trucking and logistics company tonight reported Q3 net income of $0.86 per share, down from $0.90 per share during the same quarter last year but still beating the Capital IQ consensus by $0.05 per share. Revenue for the three months ended Sept. 30 declined % from year-ago levels to $788 million, better than the $777.4 million Street […]

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Horizon Bancorp Unveils 3-for-2 Stock Split

Horizon Bancorp Unveils 3-for-2 Stock Split

Horizon Bancorp (HBNC), a commercial bank holding company, declared a 3-for-2 stock split on Horizon’s authorized and outstanding shares of common stock. Shareholders of record as of the close of business on Oct. 31, the record date, will be entitled to receive an additional half share for each share of common stock held. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would […]

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