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DAILY EARNINGS

Electronics For Imaging, Urstadt Biddle Properties Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 2:19 AM EDT September 11 2017

11:45 PM New York – Electronics For Imaging second-quarter net plunged 47%. Urstadt Biddle Properties third-quarter net plunged 17% but revenues soared 7%.

Tollbooth Index jumped 102.75 or 0.8% to 12,497.60.

Earnings Review

Electronics For Imaging, Inc (EFII), the digital printing services provider reported revenues in the second-quarter ending in June increased 1% from a year ago to $247 million.

Net income in the quarter plunged 47% to $2.8 million or 6 cents per diluted share from $5.2 million or 11 cents in the same quarter last year.

“We expect this momentum to continue into the second half of the year, with reaffirmed record third-quarter revenue,” said chief executive officer Guy Gecht.

Urstadt Biddle Properties Inc (UBA), the commercial real estate developer said revenues in the third-quarter ending in July advanced 6.9% from a year ago to $90.8 million.

Net income in the quarter plunged 16.7% to $6.1 million or 16 cents per diluted share from $5 million or 15 cents in the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc