By Rob Lenihan
\nMerge Technologies (MRGE – commentary – Cramer’s Take), a Milwaukee-based developer of medical-imaging and
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\ninformation-management software and services, was higher after posting its second-quarter results, naming a new CEO and setting a stock-repurchase plan. The company said it’s seeking confirmation from Nasdaq that the filing of its results will bring it into full compliance with listing requirements.<\/p>\n
For the three months ended June 30, the company reported revenue of $31.7 million. Merge posted a loss of $215.8 million, or $6.41 a share. The results included a $219.4 million goodwill impairment charge. Separately, the company named Kenneth D. Rardin as its new president and CEO, and the board of directors approved a buyback program for up to $20 million of common stock. Shares were gaining 79 cents, or 10.5%, to $8.33.<\/p>\n
Haverty Furniture (HVT – commentary – Cramer’s Take) climbed after the Atlanta-based furniture retailer said August sales increased 12.7% from a year ago to $77.1 million. Comparable-store sales increased 10.3%. Third-quarter comparable-store sales to date increased 9.1%. Shares gained 82 cents, or 5.6%, to $14.63.<\/p>\n
Carrier Access (CACS – commentary – Cramer’s Take) tumbled after the Boulder, Colo., communication-equipment company cut its third-quarter guidance. The company now expects to post an adjusted loss of 11 cents to 16 cents a share and a net loss of 14 cents to 19 cents a share. Revenue is expected to range from $16 million to $18 million. Shares were falling $2.72, or 29.8%, to $6.40.<\/p>\n
Eagle Test Systems (EGLT – commentary – Cramer’s Take) lost 9.3% after the Buffalo Grove, Ill., semiconductor-testing equipment company filed a statement with the Securities and Exchange Commission for a public offering of 5.5 million shares. Eagle Test is selling 2 million shares, and 3.5 million are being sold by stockholders. Shares dropped $1.70 to $16.50.<\/p>\n
Pathmark Stores (PTMK – commentary – Cramer’s Take) fell after the Carteret, N.J., supermarket operator reported a wider second-quarter loss. The company lost $8.8 million, or 17 cents a share, compared with a loss of $5.1 million, or 12 cents a share, during the same period last year. Wall Street was looking for a loss of 12 cents. Revenue gained only 0.2%, totaling about $1 billion. Same-store sales grew 0.5% during the quarter. Shares dropped 38 cents, or 3.9%, to $9.48.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Rob Lenihan Merge Technologies (MRGE – commentary – Cramer’s Take), a Milwaukee-based developer of medical-imaging and<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1940","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=1940"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1940\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=1940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=1940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=1940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}