Top Financial Stocks
Financial stocks were retreating Thursday, with the NYSE
Financial Sector Index falling 1.5% and the S&P Financial 100
Index declining 1.3%.
In company news, Excel Trust (
) was holding moderate gains Thursday afternoon after the real
estate investment trust reported Q2 adjusted funds from operations
that beat analyst forecasts although the property manager also
trimmed its FY14 outlook, likely keeping any price gains in
Adjusted funds from operations reached $12 million, or $0.24 per
share, down from adjusted FFO of $0.25 per share during the
year-ago period but beating the Capital IQ consensus by $0.04 per
Net loss attributable to the common stockholders was $800,000,
or $0.02 per diluted share, reversing a $600,000 profit during the
same quarter last year.
Looking forward, the company cut its forecast for FY14 adjusted
AFFO by $0.06 per share from its prior guidance in May to a new
range of $0.85 to $0.91 per share, still topping analyst estimates
by at least $0.04 per share.
EXL shares were up about 1.6% at $12.99 apiece this afternoon,
earlier rising to a session high of $13.18 a share. The stock has a
52-week range of $10.96 to $13.94 a share, advancing nearly 6% over
the past 12 months.
In other sector news,
(-) UNM, (-0.5%) Adjusted Q2 net income of $0.91 per share beats
Wall Street expectations by $0.04 per share. Revenue rises 1.3%
year over year to $2.64 bln, topping estimates by $30 mln.
Reaffirms in-line EPS guidance of $3.49 to $3.65.
(-) EHTH, (-32.7%) Q2 revenue climbs 7% to $42.6 mln, trailing
consensus by $4.7 mln. Adjusted net income of $0.22 per share beats
by $0.04. Projected FY14 EPS and revenue lags Street view by at
least $0.01 and $15.5 mln, respectively.