Top Financial Stocks
Financial stocks were slightly higher today, with the NYSE Financial Sector Index climbing less than 0.1% while financial companies in the S&P 500 Index were rising about 0.1%.
In company news, Performant Financial ( PFMT ) rose Thursday after the payments recovery and analytics company announced Q1 financial results topping analyst estimates.
Excluding one-time items, the company earned $0.04 per share, beating the Street view by $0.03 per share. Revenue during the three months ended March 31 slipped 0.8% from year-ago levels to $38.3 million, also exceeding the Capital IQ consensus by around $2.3 million.
Performance also reaffirmed its in-line FY16 revenue outlook, forecasting non-GAAP revenue this year in a range of $125 million to $135 million, bridging the $130.33 million consensus.
PFMT shares were up almost 1% this afternoon at $1.75 each, retracing a portion of their earlier advance to a session high of $1.88 per share.
In other sector news,
(+) XGTI, (+25.2%) Receives new patent covering an advanced use of Multiple Input-Multiple Output antennas.
(-) GTS, (-14.0%) Q1 adjusted EPS of $0.14 is half the $0.28 per share non-GAAP profit analysts were expecting. Revenue climbs 31.7% to $755.8 mln compared with $743.5 mln consensus view.
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