Financial shares were mixed in Thursday's pre-market session as
investors prepare for the U.S. consumer prices report.
In financial stocks news, Allstate Corp. (
) shares were up 0.6% at $52.08 after-hours as the company said its
board of directors has approved a quarterly dividend of $0.28,
payable in cash on April 1, 2014, to stockholders of record at the
close of business March 3, 2014. This represents a 12% increase
from the dividend declared in the previous quarter.
In addition, the Allstate board approved a $2.5 billion common
stock repurchase program, to be completed over the next 18
And, CyrusOne (
) reported an increase in Q4 revenue and adjusted funds from
operations from a year prior.
Q4 revenue of $72.3 million increased 25% over Q4 2012. Adjusted
Funds From Operations (AFFO) was $20.8 million for the fourth
quarter, compared to $13.5 million in the same period in 2012, an
increase of 54%.
Finally, Blackhawk Network Holdings (
) was down more than 13% after it reported Q4 results after hours
GAAP earnings were $0.92, an increase of 31% from $0.70 from a
year prior. Adjusted EPS was $0.81, up 13% from $0.72 per share
posted in the year ago quarter. Operating revenues totaled $521.2
million, an increase of 15% from $452.9 million. The analyst
consensus on Capital IQ called for earnings of $0.84 per share on
revenue of $539.4 million.
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