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Hanover-based Conmed reports strong fourth quarter
Conmed Healthcare Management Inc., of Hanover, a provider of health care services for correctional institutions, saw fourth-quarter profit and revenue increase as new contracts and a termination fee for a failed merger brought in more money. Net income was $2.2 million, or 8 cents per diluted share, versus net income of approximately $400,000, or 3 […]
Bethesda-based Spherix cuts loss as revenue slips
BETHESDA — Spherix Inc. of Bethesda, said it cut its second-quarter net loss to $1 million, or 40 cents per diluted share, versus a net loss of $2.6 million, or $1.49 per share, for the year-ago period. Revenue in the quarter ended June 30, 2011, was $186,000 versus $327,100 for the same period in 2010. […]
Neuralstem cuts loss, beats forecast
Neuralstem Inc. of Rockville, a biotechnology company, reported a second-quarter net loss attributable to common shareholders of $3.6 million, or 8 cents per diluted share, versus a net loss of $5 million, or 12 cents per diluted share, in the year-ago period. The company reported zero revenue in both years. Analysts surveyed by Thomson Reuters […]
Coventry Health Care boosts earnings in 2Q
Coventry Health Care Inc. of Bethesda, a managed health care organization, reported second-quarter net income of $224.5 million, or 1.51 per diluted share, on revenue of $3.03 billion, compared to net income of $1 million, or 1 cent per share, on revenue of $2.9 billion in the year-ago period. The increase was primarily due to […]
Penn National net income, revenue up in 2Q
Penn National Gaming Inc. of Wyomissing, Pa., which owns gambling casinos and horse tracks throughout the country, reported second-quarter net income of $76 million, or 71 cents per diluted share, versus net income of $9.2 million, or 9 cents per diluted share, for the same period last year. Revenue was $687.9 million in this year’s […]
Severn Bank posts loss in 2Q
Severn Bancorp Inc. of Annapolis, parent company of Severn Savings Bank, said second-quarter net loss was $846,000, or 13 cents per diluted share, compared to net income of $593,000, or 2 cents per share, for the second quarter of 2010. In a statement, the company said the loss stemmed from a decision to add $3 […]
