$RF reported 3Q16 total revenue, on a fully taxable equivalent basis, of $1.46Bil, an increase of $60MM. Net interest income and other financing income on a fully taxable equivalent basis was $856MM, a decrease of $13MM or 1%, and the resulting net interest margin was 3.06%.
People who are looking for a steady growth stock should take a look at $EME. This stock has never had a significant downfall in the last five years. Comfortably beats consensus target most of the time. Such potential, much wow!
$CIEN's Networking Platforms revenue grew 0.3% to $566.2MM, representing 79% of total revenue and Software & Software-Related Services grew 43% to $37.6MM, representing 5.3% of total revenue. Global Services grew 11.3% to $112.4MM, representing 15.7% of total revenue.
$HRB said in terms of revenue guidance, the final growth in the
assisted and DIY businesses will depend on the mix of clients. There is some
upside potential from product revenue and the franchise buybacks that the
company has been doing will also provide a benefit.
Nutritional products maker $VSI expands its presence internationally. The company opened its first two franchise stores in Paraguay. Also, franchisees recently opened two additional stores in Panama and two in Guatemala. Internationally, $VSI has got 16 franchise stores now.
When $HRB divested H&R Block Bank, it decided to retain the
mortgage portfolio owned by the bank as market conditions were unfavorable. $HRB
has now decided to sell this non-core asset and has moved mortgage loans held
for investment to held for sale. $HRB expects to complete the sale in 3Q17 and
receive cash proceeds of about $190MM.
In 2Q17, $HRB’s revenues increased approx. 2%, primarily driven
by foreign exchange in international operations as well as improved product
revenue in the US. Total Opex decreased from the prior year by 6% due primarily
to one-time costs of $21MM incurred in the prior year related to the
divestiture of H&R Block Bank and capital structure changes.