Rovi reports 4Q profit; beats Wall Street views
Rovi Corp. on Friday reported a profit in the fourth quarter as the company benefited from an increase in revenue and the absence of a loss from discontinued operations in the same quarter a year ago.
Rovi, which provides TV listings data and related services, said Thursday that it earned $2.6 million, or 2 cents per share, in the fourth quarter compared with a loss of $211.2 million, or $2.07 per share, a year earlier.
The fourth quarter of 2008 included a large impairment charge for TV Guide Network, TVG Network and TV Guide Online, which were considered discontinued operations. Rovi, which was known as Macrovision Solutions Corp. until July, had agreed before the end of 2008 to sell the three businesses.
Excluding one-time items, Rovi earned 50 cents per share in the last three months of the year — 5 cents more than analysts polled by Thomson Reuters expected.
Revenue rose 17 percent to $138 million from $118.2 million in 2008. [Read the full article]
Northeast Indiana Bancorp, Inc., (OTC Bulletin Board: NIDB), the parent company of First Federal Savings Bank, today announced earnings for the year ended December 31, 2009 of $1.9 million ($1.53 per diluted common share) compared to net income of $242,000 ($0.19 per diluted common share) for the year ended December 31, 2008. The full year 2009 earnings equates to an annualized return on average assets (ROA) of 0.75% and a return on average equity (ROE) of 8.32% as compared to an ROA of 0.10% and an ROE of 1.09% for the full year 2008.
Commenting on the financial results, First Federal Savings Bank President Michael S. Zahn stated, “We are very pleased with the company’s performance in 2009. [Read the full article]
Catalyst Health Solutions, Inc. (NASDAQ: CHSI – News), a pharmacy benefit management company, will release its fourth quarter earnings results on Tuesday, February 23, 2010, after the market closes.
The Company will hold a conference call on Wednesday, February 24, 2010, at 10:00 a.m. Eastern time. To participate, call 1-877-718-5106, access code 4973689 ten minutes prior to the scheduled start time, and request to be connected to the Catalyst Health Solutions Q4 Earnings Call.
Following brief opening remarks, the conference call will be open for a question-and-answer session. The conference call will be available for telephonic replay from February 24th, after 1:00 p.m. Eastern time, through March 6th at 1:00 p.m. Eastern time. To access the replay, dial 1-888-203-1112, replay access code 4973689.
Catalyst Health Solutions, Inc. [Read the full article]
On February 12, 2010, Mesa Offshore Trust (OTCBB:MOSH – News) (the “Trust”) announced that JP Morgan Chase Bank, N.A. (the “Trustee”) intends to make the first liquidating distribution of the Trust remaining assets to unitholders on or about March 24, 2010, absent any unforeseen circumstances. Distributions will be made in cash to unitholders of record as of February 22, 2010. The Trustee will also close the Trust unit transfer books and notify the Trust transfer agent to stop processing any unit transfers as of the close of business on February 22, 2010.
The Trustee will hold in reserve amounts sufficient to cover estimated expenses associated with the winding up and termination of the Trust. Amounts remaining after the completion of the termination of the Trust, if any, will be paid to unitholders in a second liquidating distribution. [Read the full article]