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Los Angelas, CA -- (SBWIRE) -- 09/07/2012 -- Sparton Corporati (NYSE:SPA) are trading at $11.17 and is +13.15% from its 50-day Moving Average price of $9.8717 and +17.18% from its 200-day Moving Average price of $9.5321. The average trading volume is 15836 shares and its market capitalization is $112.7M. Sparton Corp. yesterday announced fiscal fourth quarter net income swung to a profit as EMS and medical sales offset lower sonobouy demand. For the period ended June 30, sales rose $400,000 year-over-year to $61.3 million. Net profits were $4.1 million, up from a net loss of $700,000 last year. We are extremely pleased with our fourth quarter performance," president and chief executive Cary Wood said. "While showing a modest increase in sales over the prior year quarter, we increased profitability across all three segments, finishing the year with what was by most operational measures our best quarter since we began our turnaround in fiscal 2009.”
For the fiscal year, sales rose 10% to $223.6 million. Net income was up 41% to $9.3 million.
For the quarter, the company's contract assembly division's sales rose $1 million to $15.7 million, with $1.7 million in sales to new and existing customers offset in part by $700,000 in lower inter company sales. Gross margin increased 320 basis points to 15.5% on product mix and increased capacity utilization. Gross profit rose $600,000 to $2.44 million. For the year, EMS sales increased 7.6% to $53.6 million. Operating income was $3 million for the year ended June 30, 2012 compared to $1.6 million in the prior year.
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Physicians Formul (NasdaqNM:FACE) reported EPS of 0.215. For the Current Fiscal year, the company is expected to report EPS of 0.20. For the Next Quarter and Next Year, the company is expected to report EPS of 0.01 and 0.24 respectively. At Current Market Price, FACE is in distance of +24.89% from its 50-day Moving Average price of $3.8674 and +41.18% from its 200-day Moving Average price of $3.4211. The cosmetics and skin care firm Physicians Formula Holdings, Inc. (NASDAQ:FACE) announces that it has received a $73.1 million acquisition offer from an unnamed party. The bid is just three weeks after the firm agreed to be taken private by private equity firm Swander Pace Capital for approximately $65 million. The new offer represents $4.90 a share, which marks a 33 percent bonus to its closing price on August 14, and is 15 percent higher than Swander Pace’s bid of $4.25 per share offer announced on August 15th.
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(NYSE:SNV) As Synovus Financial climbs back toward its 52-week highs, a large option trader is looking for shares to break higher or lower. SNV is up another 1.86 percent to $2.19. That is an intraday gain of just $0.04, but the financial-services stock has been rising for the last six weeks from $1.80. There is strong resistance around $2.20, which was breached on an intraday basis in February, but the shares have not closed above that level. Synovus Financial reported EPS of 0.091. For the Current Fiscal year, the company is expected to report EPS of 0.10. For the Next Quarter and Next Year, the company is expected to report EPS of 0.03 and 0.15 respectively. At Current Market Price, SNV is in distance of +19.27% from its 50-day Moving Average price of $1.9871 and +19.45% from its 200-day Moving Average price of $1.984.
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Wright Express Corp. (NYSE : WXS) has agreed to acquire fueling company Fleet One from private-equity firms for $369 million in cash as the payment-processing company seeks to expand its presence in the heavy-truck market in North America. The move led Janney to upgrade its investment rating on the shares to buy from neutral, saying in a note to clients the new transaction will increase the odds for upward revisions to 2013 consensus expectations, with the deal expected to benefit 2013 earnings by about 22 cents a share. M&A activity in the card payment processors group continues to bubble, with Wright Express' (WXS) acquisition of rival Fleet One for $369 million cash.Wright Express announced the deal Wednesday after the market closed. Investors liked the potential synergies and its shares rose more than 9% Thursday to close at 72.95. The company provides payment processing and information management services to companies and government agencies that have fleets of vehicles.Wright Express is one of the better performing stocks in the Finance-Credit Card/Payment Processing group, ranked 54 on the list of 197 industry groups tracked by IBD
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