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New York, NY -- (SBWIRE) -- 10/17/2012 -- KB Home(NYSE:KBH) shares gained 9.21% to $16.84 in the morning hour. The board of directors of KB Home has declared a quarterly cash dividend of $.025 per share on the Company’s common stock, payable on November 15, 2012 to stockholders of record on November 1, 2012.Additionally, the company reported a third quarter profit of $3.26 million, or $0.04 a share, as compared with a loss of $9.65 million, or $0.13 a share, in the same quarter a year earlier. Revenue jumped 16% to $424.5 million. Analysts had most recently forecast a per-share loss of $0.16 on revenue of $430 million.
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M&T Bank Corporat (NYSE:MTB) is very active today and traded between $98.97 - 103.83 with total traded volume of 1632689 shares. At a current price of 102.64, MTB is +5.25 - +5.39% from the previous close of $97.39. Moreover, At Current Market Price, MTB is in the distance of +9.42% from its 50-day Moving Average price of $93.8057 and +18.55% from its 200-day Moving Average price of $86.5788. MTB issued its quarterly earnings data on Wednesday. The company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.39.
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Hudson City Bancorp Inc. (NASDAQ:HCBK) agreed to be acquired by M&T for about $3.7 billion, giving the Buffalo, N.Y.-based M&T Bank a franchise stretching from Connecticut to Virginia. The companies emphasized that the pairing is largely complementary in terms of geographic footprint and lines of business, creating a presence with 870 branches. Shares of Hudson City Banco (NasdaqNM: HCBK) are trading at $8.515 and is +9.09% of its 50-day Moving Average price of $7.8057 and +25.90% from its 200-day Moving Average price of $6.7633. The average trading volume is 8213670 shares and its market capitalization is $4.228B.
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Cymer, Inc.(NASDAQ:CYMI) shares soared 56.60% to $74.90 in the morning hour after ASML Holding NV and Cymer, Inc. announced that they have entered into a definitive agreement under which ASML will acquire all outstanding shares of Cymer in a cash-and-stock transaction currently valued at EUR1.95 billion. The purpose of the acquisition of Cymer is to accelerate the development of Extreme Ultraviolet (EUV) semiconductor lithography technology. It reported EPS in 1.738. For the Current Fiscal year, the company is expected to report EPS of 1.17. For the Next Quarter and Next Year, the company is expected to report EPS of 0.10 and 1.81 respectively. At Current Market Price, CYMI is in the distance of +33.55% from its 50-day Moving Average price of $53.3074 and +30.82% from its 200-day Moving Average price of $54.417.
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