FelCor Lodging Trust (NYSE: FCH) today announced that it has sold its 196-room Doubletree Suites Hotel-Dana Point and its 251-room Embassy Suites Hotel-BWI Airport for aggregate gross proceeds of $54.1 million.
The Wet Seal (NASD: WTSL) announced financial results for the first quarter of fiscal 2014 ended May 3, 2014 that showed sales slipped from $140.4 a year ago to $116.7 million; comparable store sales declined 16.9%; e-commerce sales rose.
Bristow Group (NYSE: BRS) reported net income for the March 2014 quarter of $30.3 million, or $0.83 per diluted share, compared to net income of $40.4 million, or $1.11 per diluted share, in the same period a year ago.
Electro Scientific Industries (NASD: ESIO) followed up its April 23rd preliminary announcement with the news that revenue in the fourth quarter of fiscal 2014 was $37.1 million, compared to $38.3 million in the third quarter of 2014 and $39.6 million in the fourth quarter of last fiscal year.
While banks do still face headwinds such as ongoing litigation, increased regulation and reduced trading profits, these have been so heavily trumpeted in the financial headlines that bank stock prices have over-reacted on the downside.
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