Blackhawk Network Holdings Inc (NASDAQ:HAWK) reported Q4 adjusted earnings per share of 81c and revenue of $521.18M, which compared to analysts’ consensus estimates of 84c and $539.15M, respectively. In addition, Safeway, which had previously spun off Blackhawk into a separate publicly-traded company, decided to distribute the remaining 37.8M shares of Blackhawk that it owns to Safeway stockholders. Blackhawk Network Holdings Inc (NASDAQ:HAWK) stock opened at $23.81 in last trading session, and closed at $22.41, trading in the range of $21.65 – $23.81. The stock showed a negative weekly performance of -16.10%.
RAIT Financial Trust (NYSE:RAS) announced fourth quarter and fiscal 2013 financial results. Adjusted funds from operations (“AFFO”) per share increased 17% to $1.29 for the year ended December 31, 2013 from $1.10 for the year ended December 31, 2012. AFFO per share increased 3% to $0.34 for the quarter ended December 31, 2013 from $0.33 for the quarter ended December 31, 2012. Fee and other income increased 125% to $28.8 million for the year ended December 31, 2013 from $12.8 million for the year ended December 31, 2012. Total revenues grew 23% to $246.9 million for the year ended December 31, 2013 from $200.8 million for the year ended December 31, 2012. RAIT Financial Trust (NYSE:RAS) shares closed at $7.90 on last trade day, by losing -7.06%. Stock 52 week range is $6.16 – $9.21. Company’s market capitalization is $643.43 million.
Employers Holdings, Inc. (NYSE:EIG) reported fourth quarter 2013 net income of $14.2 million or $0.44 per diluted share compared with net income of $87.8 million or $2.82 per diluted share in the fourth quarter of 2012. Full year net income was $63.8 million or $2.00 per diluted share in 2013 compared with $106.9 million or $3.37 per diluted share in 2012. Net income includes the impact of the Loss Portfolio Transfer (“LPT”) Agreement. Fourth quarter net income before impact of the LPT (the Company’s non-GAAP measure described below) was negative $1.1 million or $(0.03) per diluted share in the fourth quarter of 2013 and $1.8 million or $0.06 per diluted share in the fourth quarter of 2012. Full year net income before impact of the LPT was $25.9 million or $0.81 per diluted share in 2013 compared with $7.0 million or $0.22 per diluted share in 2012. Employers Holdings, Inc. (NYSE:EIG) stock decreased -15.36% and finished the last session at $20.56. The EPS of the stock remained 4.38. Company’s market capitalization is $641.69 million.
A lawyer for Jesse Litvak, on trial on charges he defrauded clients and the United States on bond trades, on Thursday tried to discredit one of the government’s main witnesses against the former Jefferies Group Inc banker. Michael Canter, senior vice president and director of securitized assets at AllianceBernstein Holding LP (NYSE:AB), had testified on Wednesday that he had yelled at Litvak and pressed for an investigation after reviewing a spreadsheet that suggested he was being shortchanged on trades. AllianceBernstein Holding LP (NYSE:AB) stock opened at $24.75 in last trading session and closed at $24.23. The 52 week range of the stock is $18.77 – $27.38 and the day range was $23.75 – $24.95.