Merge Technologies (MRGE - Get Report), a Milwaukee-based developer of medical-imaging and information-management software and services, was higher after posting its second-quarter results, naming a new CEO and setting a stock-repurchase plan. The company said it's seeking confirmation from Nasdaq that the filing of its results will bring it into full compliance with listing requirements.
For the three months ended June 30, the company reported revenue of $31.7 million. Merge posted a loss of $215.8 million, or $6.41 a share. The results included a $219.4 million goodwill impairment charge. Separately, the company named Kenneth D. Rardin as its new president and CEO, and the board of directors approved a buyback program for up to $20 million of common stock. Shares were gaining 79 cents, or 10.5%, to $8.33.
Haverty Furniture (HVT - Get Report) climbed after the Atlanta-based furniture retailer said August sales increased 12.7% from a year ago to $77.1 million. Comparable-store sales increased 10.3%. Third-quarter comparable-store sales to date increased 9.1%. Shares gained 82 cents, or 5.6%, to $14.63.
Carrier Access (CACS) tumbled after the Boulder, Colo., communication-equipment company cut its third-quarter guidance. The company now expects to post an adjusted loss of 11 cents to 16 cents a share and a net loss of 14 cents to 19 cents a share. Revenue is expected to range from $16 million to $18 million. Shares were falling $2.72, or 29.8%, to $6.40.Eagle Test Systems (EGLT - Get Report) lost 9.3% after the Buffalo Grove, Ill., semiconductor-testing equipment company filed a statement with the Securities and Exchange Commission for a public offering of 5.5 million shares. Eagle Test is selling 2 million shares, and 3.5 million are being sold by stockholders. Shares dropped $1.70 to $16.50. Pathmark Stores (PTMK) fell after the Carteret, N.J., supermarket operator reported a wider second-quarter loss. The company lost $8.8 million, or 17 cents a share, compared with a loss of $5.1 million, or 12 cents a share, during the same period last year. Wall Street was looking for a loss of 12 cents. Revenue gained only 0.2%, totaling about $1 billion. Same-store sales grew 0.5% during the quarter. Shares dropped 38 cents, or 3.9%, to $9.48.