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Earnings Reported After The Bell Jan. 22

Here is a quick summary of the earnings reported after the bell Jan. 22

1. Heritage Financial Group, Inc. (HBOS) reported Q4 net income of $2.5 million or $0.28 per diluted share vs $3.4 million or $0.45 per diluted share for the year-earlier quarter;

Q4 non-GAAP net income was $2.9 million or $0.32 per diluted share vs $4.0 million or $0.53 per diluted share for the year-earlier quarter.

Q4 net interest income was $17.47 million vs $16.25 million a year ago.

Analysts expected the company to report net income of $0.40 per share on revenues of $27.25 million for the period.

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2. American National Bankshares Inc. (AMNB) reported fourth quarter 2014 net income of $2.89 million compared to $3.14 million for the fourth quarter of 2013.

Q4 EPS was $0.37 compared to $0.40 for the 2013 quarter.

Net interest income decreased to $10.46 million in the fourth quarter of 2014 from $11.51 million in fourth quarter of 2013.

Analysts expected the company to report net income of $0.40 per share on revenues of $10.56 million for the period.

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3. Uroplasty, Inc. (UPI) Q3 net loss was $2.11 million or $0.10 per share vs net loss of $670832 or $0.03 per share a year ago.

Q3 Net sales were $6.67 mln vs $6.4 mln a year ago.

Analysts expected the company to report net loss of $0.04 per share on revenues of $6.79 million for the period.

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4. Maxim Integrated Products, Inc. (MXIM) reported a second-quarter net loss of $72.034 million or $0.25 per share, compared to net income of $44.35 million or $0.15 per share, prior year. The company noted that its results were affected by pre-tax special items which primarily consisted of $138 million in charges related to impairment of goodwill and other assets related to MEMS business, $28 million in charges related to restructuring activities and $23 million in charges related to acquisitions. Adjusted earnings per share were $0.33, for the quarter.

On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.30 for the quarter. Analysts’ estimates typically exclude special items.

Net revenues decreased to $566.81 million from $620.27 million last year. Analysts expected revenue of $560.49 million for the quarter.

Based on the beginning backlog and expected turns, the company expects results for the March 2015 quarter to be: revenue in the range of $565 million to $605 million; and EPS of $0.20 to $0.26 GAAP, and $0.32 to $0.38 excluding special items. Analysts expect the company to report third-quarter earnings per share of $0.33 on revenue of $570.01 million.

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5. Microsemi Corp (MSCC), a provider of semiconductor solutions, on Thursday reported first-quarter net earnings of $19.7 million or $0.21 per share compared with $1.4 million or $0.01 per share last year.

Excluding items, adjusted earnings for the quarter were $0.65 per share compared with $0.46 per share a year ago.

Revenues for the quarter were $303.6 million compared with $255.6 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.65 per share on revenues of $303.5 million for the quarter. Analysts’ estimates typically exclude special items.

For the second quarter, the company expects adjusted earnings of $0.64 to $0.68 per share and sales to be flat to down 4.5%. Analysts expect earnings of $0.67 per share on revenues of $309 million.

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6. Asset manager Federated Investors Inc (FII) on Thursday reported fourth-quarter net earnings of $39.6 million or $0.38 per share compared with $41 million or $0.39 per share last year.

Revenues for the quarter were $217.9 million compared with $214.7 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.38 per share on revenues of $221.3 million for the quarter. Analysts’ estimates typically exclude special items.

Federated said the rise in revenue was due to higher average equity assets under management and a drop in voluntary fee waivers related to certain money market assets, partly offset by lower average money market assets.

The company’s total managed assets were $362.9 billion at December 2014, down 4 percent from last year and up 3 percent from September 2013.

Federated has declared a quarterly dividend of $0.25 per share.

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7. Starbucks Corp. (SBUX: Quote) reported net income for the first quarter of $983.1 million or $1.30 per share, compared to $540.7 million or $0.71 per share for the year-ago quarter.

Excluding items, adjusted earnings for the first quarter were $0.80 oer share, compared to $0.69 per share in the prior year quarter.

Total net revenues for the first quarter rose 13.3% to $4.80 billion from $4.24 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.80 per share on revenue of $4.80 billion for the first quarter. Analysts’ estimates typically exclude special items.

Looking forward to the second quarter, the company forecasts earnings of $0.63 to $0.64 per share and adjusted earnings of $0.64 to $0.65 per share. Analysts currently expect the company to earn $0.68 per share for the second quarter.

For the fiscal year 2015, the company now forecasts earnings of $3.53 to $3.58 per share and adjusted earnings of $3.09 to $3.13 per share. Previously, the company forecast earnings of $3.42 to $3.54 per share and adjusted earnings of $3.08 to $3.13 per share.

The company reaffirmed its fiscal 2015 revenue growth outlook of 16% to 18%.

Analysts currently expect the company to earn $3.13 per share on revenue growth of 11% for the fiscal year 2015.

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8. Ikanos Communications, Inc. (IKAN) reported GAAP net loss for the fourth quarter of 2014 of $(10.4) million, or $(0.07) per share compared to a GAAP net loss of $(8.6) million, or $(0.10) per share for the fourth quarter of 2013

Non-GAAP net loss for the fourth quarter of 2014 was $(9.3) million, or a loss of $(0.07) per share compared to a non-GAAP net loss of $(7.6) million, or $(0.09) per share for the fourth quarter of 2013

Revenue for the fourth quarter of 2014 was $11.5 million, compared to revenue of $17.6 million for the fourth quarter of 2013

Analysts expected the company to report net loss of $0.06 per share on revenues of $11.5 million for the period.

Q1 Outlook

Revenue is expected to be between $10.0 million and $12.0 million for the first quarter of 2015.

GAAP net loss for the first quarter of 2015 is expected to be in the range of approximately $(9.9) million to $(12.1) million, or a GAAP loss per share of $(0.07) to $(0.09).

Non-GAAP net loss is expected to be in the range of approximately $(8.8) million to $(11.0) million, or a non-GAAP loss per share of $(0.06) to $(0.08).

Analysts currently expect the company to report net loss of $0.05 per share on revenues of $11.00 million for the period.

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9. Hexcel Corp. (HXL) reported fourth-quarter net income of $52.9 million or $0.54 per share, compared to $47.1 million or $0.46 per share, prior year. Adjusted earnings per share was $0.54, for the quarter.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.54 for the quarter. Analysts’ estimates typically exclude special items.

Net sales increased to $471.8 million from $426.8 million last year. Analysts expected revenue of $469.84 million for the quarter.

The company expects its 2015 sales in the range of $1.9-$2.0 billion, and adjusted earnings per share of $2.26 to $2.38. Analysts expect the company to report full year 2015 earnings per share of $2.37 on revenue of $1.98 billion.

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10. Polycom Inc. (PLCM) reported fourth-quarter net income of $20.48 million or $0.15 per share, compared to a loss of $1.97 million or $0.01 per share, prior year. Adjusted earnings per share was $0.24, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.23 for the quarter. Analysts’ estimates typically exclude special items.

Revenue increased to $348.93 million from $347.94 million last year. Analysts expected revenue of $347.91 million for the quarter.

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11. 8×8, Inc. (EGHT) reported GAAP net income for the third quarter of fiscal 2015 of $444,000, or $0.01 per diluted share, compared with GAAP net income of $89,000, or $0.00 per diluted share, in the third quarter of fiscal 2014.

Non-GAAP net income was $4.1 million, $0.04 per diluted share, for the quarter, compared with $2.5 million, $0.03 per diluted share for the same period last year.

Total revenue for the quarter increased 26% year-over-year to $41.4 million.

Analysts expected the company to report net income of $0.04 per share on revenues of $41.41 million for the period.

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12. Independent Bank Corp. (INDB) reported 2014 fourth quarter net income of $16.0 million or $0.66 per share vs $10.59 million or $0.45 per share a year ago.

Net interest income increased to $49.8 million for the fourth quarter from $46.91 million a year ago.

Analysts expected the company to report net income of $0.67 per share on revenues of $67.8 million for the period.

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13. Digi International Inc. (DGII) reported net loss for the first fiscal quarter of 2015 of $0.3 million, or $0.01 loss per diluted share, compared to net income of $0.7 million, or $0.03 per diluted share, in the prior year comparable quarter.

Non-GAAP net loss for the first quarter of fiscal 2015 was $0.8 million, or $0.03 loss per diluted share, compared to non-GAAP net income for the first quarter of fiscal 2014 of $0.5 million, or $0.02 per diluted share.

Revenue was $48.7 million for the first fiscal quarter of 2015, compared with $47.3 million for the first fiscal quarter of 2014.

Analysts expected the company to report net loss of $0.02 per share on revenues of $46.62 million for the period.

Q2 Outlook

For the second fiscal quarter of 2015, revenue in a range of $50 million to $53 million.

Net (loss) income per diluted share to be in a range of ($0.02) to $0.02 for the second fiscal quarter of 2015.

Analysts currently expect the company to report net income of $0.02 per share on revenues of $49.63 million for the period.

FY Outlook

Annual guidance remains unchanged with a revenue range of $193 million to $213 million and net income per diluted share to be in a range of $0.02 to $0.22.

Analysts currently expect the company to report net income of $0.08 per share on revenues of $199.5 million for the period.

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14. E*Trade Financial Corp. (ETFC) reported net income for the fourth quarter of $41 million or $0.14 per share, compared to $58 million or $0.20 per share for the year-ago quarter.

Excluding a $59 million pre-tax loss on early extinguishment of corporate debt, the latest quarter net income would have been $78 million or $0.26 per share.

Total net revenue for the fourth quarter rose to $461 million from $446 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.23 per share on revenue of $445.11 billion for the fourth quarter. Analysts’ estimates typically exclude special items.

The company also said that it has received regulatory approval to operate E*Trade Bank at a Tier 1 leverage ratio of 9.0%; and realign its organizational structure by moving its two broker-dealers, E*Trade Securities and E*Trade Clearing, from under E*Trade Bank, which will simplify the distribution of capital generated by those entities to the parent.

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15. Intuitive Surgical Inc (ISRG), a provider of robotic-assisted surgery systems, on Thursday reported fourth-quarter net earnings of $146.8 million or $3.94 per share compared with $166.2 million or $4.28 per share last year.

Excluding items, adjusted earnings for the quarter were $4.92 per share compared with $4.98 per share a year ago.

Revenues for the quarter were $604.7 million compared with $576.2 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $4.38 per share on revenues of $589.4 million for the quarter. Analysts’ estimates typically exclude special items.

Commenting on the results, Gary Guthart, President and CEO of Intuitive Surgical, said, “We are pleased with our fourth quarter procedure and da Vinci system placement results which reflect an increase in the use of our products in general surgery, growing demand for our da Vinci Xi System and increased adoption in Europe and other international

The company’s results were hurt by expenses that climbed to $207.3 million from $189.4 million a year ago.

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16. Credit card lender Capital One Financial Corp (COF) on Thursday reported fourth-quarter net earnings to stockholders of $974 million or $1.73 per share compared with $835 million or $1.43 per share last year.

Revenues for the quarter were $5.8 billion compared with $5.54 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.74 per share on revenues of $5.7 billion for the quarter. Analysts’ estimates typically exclude special items.

Provision for loan losses for the quarter climbed to $1.1 billion from $957 million in the prior year, and income tax provision for the quarter was lower by $27 million.

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17. Associated Banc-Corp (ASB) reported Q4 net income of $48.74 mln or $0.31 per share vs $47.76 mln or $0.28 per share a year ago.

Q4 Net Interest Income was $174.66 mln vs $167.2 mln a year ago.

Analysts expected the company to report net income of $0.30 per share on revenues of $250.11 million for the period.

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18. ResMed Inc (RMD), a maker of medical equipment to treat respiratory disorders, on Thursday reported second-quarter net earnings of $91 million or $0.64 per share compared with $86.6 million or $0.60 per share last year.

Revenues for the quarter were $423 million compared with $384.3 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.62 per share on revenues of $405 million for the quarter. Analysts’ estimates typically exclude special items.

“We are pleased to report strong double-digit revenue growth, demonstrating excellent progress with our new product launches,” said Mick Farrell, ResMed’s chief executive officer. “We achieved robust commercial performance across all regions, including double-digit growth in the Americas.”

The company has declared a quarterly dividend of $0.28 per share.

ResMed develops medical equipment for the treatment of respiratory disorders, with a focus on sleep-disordered breathing.

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19. Bryn Mawr Bank Corporation (BMTC) reported net income of $7.0 million and diluted earnings per share of $0.51 for the three months ended December 31, 2014, as compared to net income of $6.5 million and diluted earnings per share of $0.47 for the same period in 2013.

Net interest income for the three months ended December 31, 2014 was $19.5 million, an increase of 1.9%, from $19.1 million for the same period in 2013.

Analysts expected the company to report net income of $0.50 per share on revenues of $31.4 million for the period.

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20. Skyworks Solutions Inc. (SWKS), an innovator of high performance analog semiconductors connecting people, places and things, reported first-quarter net income of $195.2 million or $1.01 per share, compared to $94.5 million or $0.49 per share, prior year. Adjusted earnings per share were $1.26, for the quarter.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $1.19 for the quarter. Analysts’ estimates typically exclude special items.

Revenue increased to $805.5 million from $505.2 million last year. Analysts expected revenue of $773.59 million for the quarter.

For the second fiscal quarter of 2015, the company anticipates revenue to be $750 million with non-GAAP earnings per share of $1.12. Analysts expect the company to report second-quarter earnings per share of $1.04 on revenue of $708.72 million.

Skyworks’ Board has declared a cash dividend of $0.13 per share of the company’s common stock. The dividend is payable on March 3, 2015 to stockholders of record at the close of business on February 5, 2015.

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21. Infinera Corp. (INFN), provider of Intelligent Transport Networks, reported fourth-quarter net income of $8.41 million or $0.06 per share, compared to a loss of $10.18 million or $0.08 per share, prior year. Adjusted earnings per share was $0.13, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.11 for the quarter. Analysts’ estimates typically exclude special items.

Revenue increased to $186.31 million from $139.09 million last year. Analysts expected revenue of $181.14 million for the quarter.

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22. KLA-Tencor Corporation (KLAC) reported second quarter net income of $20.27 million or $0.12 per share, compared to $139.25 million or $0.83 per share, prior year. Adjusted earnings per share were $0.68, for the quarter.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.52 for the quarter. Analysts’ estimates typically exclude special items.

Revenue decreased to $676.36 million from $705.13 million last year. Analysts expected revenue of $664.27 million for the quarter.

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23. Altera Corp. (ALTR) reported fourth quarter net income of $111.1 million or $0.36 per share, compared to $98.9 million or $0.31 per per share for the year-ago quarter. Fourth quarter sales rose 6% to $479.87 million from $454.37 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.35 per share on revenue of $480.48 million for the fourth quarter.

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24. First Internet Bancorp (INBK) reported fourth quarter net income of $1.5 million or $0.32 per share vs $666000 or $0.19 per share a year ago.

Net interest income for the fourth quarter was $6.4 million compared to $5.0 million for the fourth quarter 2013.

Analysts expected the company to report net income of $0.27 per share on revenues of $6.33 million for the period.

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25. First Financial Bankshares, Inc. (FFIN) reported earnings for the fourth quarter of $22.59 million or $0.35 per share compared with earnings of $21.24 million or $0.33 per share in the same quarter last year.

Net interest income for the fourth quarter of 2014 increased 7.26 percent to $50.08 million compared with $46.69 million in the same quarter of 2013.

Analysts expected the company to report net income of $0.37 per share on revenues of $71.12 million for the period.

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26. SVB Financial Group (SIVB) reported net income for the fourth quarter of $58.8 million, or $1.14 per diluted common share, compared to $58.8 million, or $1.27 per diluted common share, for the fourth quarter of 2013.

Q4 Net interest income was $234.74 million vs $187 million a year ago.

Analysts expected the company to report net income of $1.29 per share on revenues of $306.76 million for the period.

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27. Old Line Bancshares, Inc. (OLBK) reported Q4 net income of $1.8 million compared to $4.4 million for the three months ended December 31, 2013.

EPS were $0.16 per diluted common share for the three months ended December 31, 2014, compared to $0.41 per diluted common share for the same period in 2013.

Q4 net interest income was $10.58 mln vs $11.53 mln a year ago.

Analysts expected the company to report net income of $0.18 per share on revenues of $12.37 million for the period.

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28. Codorus Valley Bancorp, Inc. (CVLY) reported Q4 net income of $2.75 mln or $0.46 per share diluted, compared to $2.52 mln or $0.49 per share diluted, for the quarter ended December 31, 2013.

Q4 Net interest income was $11 mln vs $10.21 mln a year ago.

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29. BancFirst Corporation (BANF) reported net income of $15.7 million for the fourth quarter of 2014, up from $13.9 million for the fourth quarter of 2013.

Earnings per share were $0.99 compared to $0.88 for the same quarter of the prior year.

The Company’s net interest income for the fourth quarter of 2014 was $47.3 million compared to $41.9 million for the fourth quarter of 2013.

Analysts expected the company to report net income of $0.95 per share on revenues of $70.82 million for the period.

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30. Southern National Bancorp of Virginia, Inc. (SONA) reported Q4 net income of $1.96 mln or $0.16 per share vs $1.4 mln or $0.12 per share a year ago.

Q4 Net interest income was $9.16 mln vs $7.58 mln a year ago.

Analysts expected the company to report net income of $0.17 per share on revenues of $8.86 million for the period.

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31. Home Federal Bancorp, Inc. of Louisiana (HFBL) reported net income for the three months ended December 31, 2014 of $835,000, an increase of 29.5% compared to net income of $645,000 reported for the three months ended December 31, 2013.

The Company’s earnings per share were $0.41for the three months ended December 31, 2014, compared to $0.30, for the quarter ended December 31, 2013.

Q2 net interest income was $3.11 mln vs $2.63 mln a year ago.

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32. OceanFirst Financial Corp. (OCFC) reported net income for the fourth quarter ended December 31, 2014 of $4.9 million, or $0.30 per diluted share as compared to net income of $1.9 million, or $0.11 per diluted share, for the corresponding prior year period.

Net interest income for the quarter ended December 31, 2014 decreased to $18.0 million as compared to $18.3 million for the same prior year period,

Analysts expected the company to report net income of $0.32 per share on revenues of $18.3 million for the period.

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33. Bank First National Corporation (BFNC) reported net income for the fourth quarter of 2014 of $3.1 million, or $0.49 per share, as compared to $2.9 million, or $0.45 per share, for the fourth quarter of 2013.

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34. Hancock Holding Company (HBHC) reported net income for the fourth quarter of $40.1 million, or $.48 per diluted common share, compared to $34.7 million, or $.41 in the fourth quarter of 2013.

Net interest income for the fourth quarter of 2014 was $163.6 million vs $168.47 mln a year ago.

Analysts expected the company to report net income of $0.58 per share on revenues of $223.62 million for the period.

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35. Acetyl chemicals maker Celanese Corp (CE) on Thursday reported fourth-quarter net loss of $84 million or $0.55 per share compared with a profit of $654 million or $4.15 per share last year.

Excluding items, adjusted earnings for the quarter were $1.28 per share compared with $1.04 per share a year ago, driven by increased flexibility in the Acetyl Chain to respond to industry dynamics and the impact of productivity initiatives.

Revenues for the quarter were $1.56 billion compared with $1.61 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.19 per share on revenues of $1.67 billion for the quarter. Analysts’ estimates typically exclude special items.

For the full year 2015, the company expects adjusted earnings of $5.00 to $5.50 per share, while analysts expect $5.51 per share.

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36. Baylake Corp. (BYLK) reported Q4 net income of $2.24 mln or $0.24 per share vs $2.32 mln or $0.25 per share a year ago.

Q4 Net interest income was $8.24 mln vs $8.0 mln a year ago.

Analysts expected the company to report net income of $0.26 per share for the period.

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37. Republic First Bancorp, Inc. (FRBK) reported Q4 net income of $0.9 mln or $0.02 per share vs net loss of $3.3 mln or $0.13 per share a year ago.

Q4 revenue was $12 mln vs $10.65 mln a year ago.

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38. Western Alliance Bancorporation (WAL) reported Q4 net income of $40.4 million, compared to $31.4 million for the fourth quarter 2013

Q4 Earnings per share was $0.46 vs $0.36 per share in the fourth quarter 2013.

Net interest income was $102.1 million in the fourth quarter 2014 vs $89.98 mln a year ago.

Analysts expected the company to report net income of $0.43 per share on revenues of $112.42 million for the period.

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39. NeoGenomics Inc. (NEO) has raised its outlook for the fourth quarter of 2014 based on continued strength in its underlying business.

Accordingly, the company now expects earnings per share of $0.01 to $0.02 on revenue of approximately $25 million for the fourth quarter of 2014. Previously, the company was expecting earnings per share of $0.00 – $0.01 and revenue of $23.0 to $24.5 million.

NeoGenomics is scheduled to report fourth quarter and full year 2014 financial results on February 24, 2015.

NEO closed Thursday’s trading at $3.58, up 0.56%.

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40. LeapFrog Enterprises, Inc. (LF) expects Q3 Net loss will be approximately $124 million or $1.77 per share.

Net sales will be approximately $145 million compared with prior guidance of $220 million to $240 million.

Analysts currently expect the company to report net income of $0.19 per share on revenues of $226.07 million for the period.

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41. Oak Valley Bancorp (OVLY) reported Q4 net income of $1.6 million, or $0.20 per diluted share vs $1.7 million, or $0.22 per diluted share for the three months ended December 31, 2013

Q4 net interest income was $6.62 mln vs $6.37 mln a year ago.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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The deliveries in 2014 were made to 89 customers of which eight were new. These included 490 A320 Family aircraft, 108 A330s, 30 A380s and also the first A350 XWB delivered to Qatar Airways.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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