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New York, NY -- (SBWIRE) -- 11/21/2012 -- Atlas Resource Partners, L.P.(NYSE:ARP) shares dropped 4.36% and closed at $23.01 in the last trading session. The company has announced that it has executed a definitive agreement with an affiliate of DTE Energy Company under which ARP will acquire DTE Gas Resources, LLC, which owns approximately 35 MMboe of proved reserves and substantial resource potential, in the Fort Worth basin in Texas for approximately $255 million.
Additionally, the company announced that it has priced a public offering of 7,600,000 common units representing limited partner interests at an offering price of $23.01 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 1,140,000 common units.
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Encore Capital Group, Inc. (Nasdaq: ECPG), through its subsidiaries (the "Company"), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, today reported consolidated financial results for the third quarter ended September 30, 2012. Gross collections from the portfolio purchasing and recovery business were $246.0 million, a 30% increase over the $189.1 million in the same period of the prior year. Total operating expenses were $103.6 million, a 22% increase over the$85.2 million in the same period of the prior year. Adjusted operating expense (operating expenses excluding stock-based compensation expense, and tax lien transfer segment operating expenses) per dollar collected decreased to 40.5% compared to 43.8% in the same period of the prior year.
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Zale Corporation (NYSE:ZLC) reported its results for the first quarter. Zale is a specialty retailer of fine jewelry. It operates specialty retail jewelry stores and kiosks located mainly in shopping malls throughout the United States, Canada and Puerto Rico.Loss narrowed to $28.3 million (loss of 88 cents per diluted share) from $31.9 million (loss of 99 cents per share) in the same quarter a year earlier. Rose 1.8% to $357.5 million from the year-earlier quarter. Zale Corporation fell short of the mean analyst estimate of a loss of 68 cents per share. It fell short of the average revenue estimate of $433.9 million.Revenue has increased for four quarters in a row. Revenue increased 7.9% to $407 million in the fourth quarter of the last fiscal year. The figure rose 8.1% in the third quarter of the last fiscal year from the year earlier and climbed 6% in the second quarter of the last fiscal year from the year-ago quarter. The company fell short of forecasts after beating estimates in the previous two quarters. In the fourth quarter of the last fiscal year, it topped the mark by 23 cents, and in the third quarter of the last fiscal year, it was ahead by 2 cents.
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Tilly's Inc (NYSE:TLYS) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.30-0.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35.A number of analysts have recently weighed in on TLYS shares. Analysts at Wedbush initiated coverage on shares of Tilly's in a research note to investors on Thursday, October 18th. They set an outperform rating and a $18.00 price target on the stock. On a related note, analysts at JPMorgan Chase upgraded shares of Tilly's to an overweight rating in a research note to investors on Friday, August 31st. Finally, analysts at Stifel Nicolaus upgraded shares of Tilly's from a hold rating to a buy rating in a research note to investors on Thursday, August 23rd.They now have a $20.00 price target on the stock. Shares of Tilly's Inc (TLYS) traded up 4.54% during mid-day trading on Tuesday, hitting $15.66. Tilly's Inc (TLYS) has a one year low of $13.70 and a one year high of $19.57. The company has a market cap of $432.7 million and a P/E ratio of 22.66.
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