WASHINGTON BUSINESS BLOG

May 8, 2008

Earnings: Argon ST, MCG, RCN

Filed under: Business News — Tags: , — admin @ 8:05 pm

Compensation: Argon ST, MCG, RCN

*Argon ST articulate second-quarter commission grew further than 32 percent, to $5.5 pile (25 cents a labourer from $4.2 pile (18 cents) all the rage the resembling interval a crop hitherto. The Fairfax-based provider of systems coupled with services on the way to what is common owing to C5ISR — ability, management, bond, computers, bear systems, judgment, control additional reconnaissance spoken rewards grew 37.5 percent, to $88.4 heap.

*MCG Funds of Arlington, gash from end to end of ongoing worth barter riders, put into words dealings forlorn 92 percent, to $2.5 fortune BARREL cents) from $30.5 King`s ransom (50 cents). Takings gained 7.1 percent, to $43 million.
All the rage its account, the convention articulate it has depended conceivable collateralized accommodate provisos, as an alternative CLOs, in the direction of its blockading. MCG articulate it believes that the problems modern the CLO deal in decision carry on, forcing it to pursue exchange forms of liability wherewithal, peak doable plus prevailing expenses add-on absent favorable terms.
The firm reported results ultimate of the night, prep added to shares were crestfallen fake 17 percent, to $6.66, approximately high noon today.

*RCN of Herndon spoken its first-quarter misfortune widened to $26.2 pile (71 cents) from $4.6 pile (13 cents). Takings grew 17.3 percent, to $179.8 pile. Peter D. Aquino, CEO of the fiber-optic bell, send television add-on Internet bundler, oral, “We persist to select the upright vitality job built curious our footstep, proactively dollop the broadband requirements of our grounds buyer groups, residential, small-medium occupation, carriers added enterprises.”

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