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Under Armour: Q1 loss can’t obscure ‘solid progress’
Under Armour announced a $29 million operating loss ahead of its first quarter earnings call on Tuesday.
Under Armour gets mixed reviews ahead of Q1 earnings call
Under Armour will be going into its first-quarter earnings call on Thursday with mixed reviews from analysts. Following golfer and Under Armour athlete Jordan Spieth’s unsuccessful showing at the Masters last week, the Baltimore sports apparel brand’s stock declined by 5 percent, prompting Morgan Stanley to put out a note affirming the Baltimore-based company’s underweight […]
T. Rowe downplays tech investments
T. Rowe Price Group Inc., along with other money managers, has earned plenty of publicity recently for investing in private technology companies, which traditionally has been the role of venture capitalists, not mutual-fund firms.
Rockville-based EntreMed cuts loss in first quarter
EntreMed Inc., of Rockville, a clinical-stage pharmaceutical company developing drugs for the treatment of cancer, reduced its net loss in the 2013 first-quarter, reporting a loss of $1.1 million, or 5 cents per diluted share versus a net loss of $2.5 million, or 23 cents per diluted share, for the same period last year.
Facebook’s stock tumbles after 1st public quarter
NEW YORK — Facebook’s first earnings report as a public company had solid numbers, but in the end it landed with a thud — much like its rocky initial public offering two months ago. Facebook reported stronger-than-expected revenue and a gain in user numbers Thursday. But investors weren’t impressed and after a brief spike, its […]
1st Mariner Bancorp posts first quarterly profit in 5 years
Troubled 1st Mariner Bancorp said Wednesday that it made $1.8 million, or 10 cents per share, in the first quarter of 2012, the first time the Baltimore-based institution showed a quarterly profit in five years. In the first quarter of 2011, 1st Mariner lost $7.3 million. The company’s last quarterly profit came in March 2007, […]
Maryland mergers and acquisitions surge in 1Q
Bucking a national trend, Maryland mergers and acquisitions rose almost 25 percent in the first quarter of 2012 compared with the last quarter of 2011, with the increase largely driven by the biotechnology, pharmaceutical and medical sector. According to data compiled by Bloomberg Financial exclusively for The Daily Record, 55 deals closed in the first […]
Slower foreclosures lift March home sale prices
The median sales price for homes in the Baltimore metropolitan area increased over last year for the second straight month, according to a report released Tuesday, but the trend may not continue if foreclosure sales increase. Of the 1,894 homes sold last month —1.7 percent more than in March 2011 — only 13.9 percent were […]
Ciena stock dives after disappointing 2Q results
Shares of network equipment maker Ciena Corp. fell sharply Wednesday after it reported a larger loss and lower revenue than Wall Street expected, coupled with a disappointing forecast for the current quarter. The shares fell $3.92, or nearly 16.2 percent, to close at $20.29. Over the last year, the shares have traded as low as […]
Troubled banks made up about 12 pct of total in Q1
WASHINGTON — The number of U.S. banks at risk of failing made up nearly 12 percent of all federally insured banks in the first three months of 2011, the highest level in 18 years. That proportion is about the same as in the October-December quarter last year, though the increase in the number of banks […]
Bethesda-based Coventry Health Care 1Q profit climbs 13 percent
BETHESDA — Health insurer Coventry Health Care Inc. said Friday its first-quarter profit climbed 13 percent, as premiums increased along with commercial fully insured enrollment, and the company raised its 2011 earnings forecast. But analysts, on average, already expected earnings for the year to be at the top end of the revised company guidance, and […]
Marriott International 1Q net income up 22 pct
Marriott International Inc.’s first-quarter earnings missed analysts’ estimates as travel demand slowed in North America, with hotels in the Washington area being hurt by cuts in lodging and conference spending. Net income rose to $101 million, or 26 cents a share, from $83 million, or 22 cents, a year earlier, the Bethesda-based company said Wednesday. […]
