Earnings Roundup: Playboy Ent., Allied Capital
Among the earnings stories for Monday, May 11, from AP Financial News:
NEW YORK (AP) Executives at Playboy's parent company are considering cutting the magazine's frequency, reducing circulation or raising prices in order to save the money-losing publication. WASHINGTON (AP) Allied Capital, which provides financing for buyouts, acquisitions and other business transactions, on Monday said its first-quarter loss ballooned to more than eight times its loss a year earlier. SANTA ANA, Calif. (AP) Memory chip maker Stec Inc. said its first-quarter profit grew, boosted by higher sales that surpassed Wall Street's expectations. SAN DIEGO (AP) Cytori Therapeutics Inc., which makes products used in adult stem cell harvesting and research, on Monday reported a narrower loss for the first quarter of the year. BURLINGTON, Mass. (AP) Speech and imaging software maker Nuance Communications Inc. posted a fiscal second-quarter profit Monday, reversing a year-earlier loss as revenue grew and costs declined. NEW YORK (AP) Care Investment Trust Inc., a real estate investment trust that invests in healthcare-related real estate and commercial mortgage debt, said Monday that rental revenue lifted its profit in the first quarter.- Loading Comments...
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