Sector Update: Financial


Financial shares were fairly flat in pre-market trade Thursday ahead of the weekly labor market report and after closing higher on Wednesday.

In financial stocks news, China Housing & Land Development ( CHLN ) says Q2 sales were $44.1 million, down from $57.8 million a year ago.

Net loss was $0.20 per share, down from a profit of $0.17 a year earlier.

Total contract sales for Q3 are expected between $22.5 million to $25.7 million, compared with $18.6 million in Q313.

And, Fifth Street Senior Floating Rate ( FSFR ) said late Wednesday it commenced a public offering of 22.8 million shares of its common stock. FSFR plans to grant the underwriters for the offering an over-allotment option to purchase up to an additional 3.42 million shares of common stock.

Separately, it said net investment income in Q2 was $0.28 per share, up a penny sequentially.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: CHLN , FSFR

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