SonoSite Inc. (Nasdaq:SONO) reported financial results for the second quarter ended June 30, 2011. REVENUE: Revenue for the second quarter of 2011 was $72.7 million, an increase of 18% compared to $61.5 million in the second quarter of 2010. Revenue for the first half of 2011 was $143.8 million compared to $117.5 million in 2010, an increase of 22%. Revenue from VisualSonics (VSI), Inc. was $8.3 million for the quarter, up 7%. Revenues were $16.5 million for the first half of 2011, up 5%. Foreign exchange contributed to a 4% favorable impact on second quarter results and a 3% favorable impact on the first half of 2011. Revenues were also negatively impacted in the second quarter by a series of delayed orders between $4.0-$5.0 million.
SonoSite, Inc. develops, manufactures, and distributes hand-carried ultrasound systems for use across medical specialties and in a range of treatment settings.
S&T Bancorp Inc. (Nasdaq:STBA) has announced its second quarter earnings. Todd D. Brice, president and chief executive officer of S&T Bancorp, Inc., offered the following highlights: Net income available to common shareholders increased significantly from the prior quarter to $13.4 million with diluted earnings per common share of $0.48 compared to $0.17 in the first quarter of 2011 and $0.28 in the second quarter of 2010. Provision for loan losses was $1.1 million compared to $10.6 million in the first quarter of 2011 and $9.1 million in the second quarter of 2010. Nonperforming assets decreased to 2.18% of total loans plus OREO compared to 2.67% in the first quarter of 2011 and 2.41% in the second quarter of 2010.
S&T Bancorp, Inc. operates as the holding company for the S&T Bank, which provides community banking services in Pennsylvania.
Intuit Inc. (Nasdaq:INTU) will announce its fourth-quarter and full fiscal year 2011 financial results on Aug. 18 following the close of market. The company’s fiscal year ends July 31. Intuit executives will discuss the financial results on a conference call at 1:30 p.m. Pacific time on that date. To hear the call, dial 866-837-9780 in the United States or 703-639-1418 from international locations. No reservation or access code is needed. The conference call can also be heard live via webcast at http://investors.intuit.com/events.cfm. Prepared remarks for the call will be available on Intuit’s website after the call ends.
Intuit Inc. provides business and financial management solutions for small and medium-sized businesses, consumers, accounting professionals, and financial institutions in the United States, Canada, India, and the United Kingdom.
National Health Partners, Inc. (NHPR)
Healthcare is one of the top social and economic problems facing Americans today. The rising cost of medical care and health insurance is impacting the livelihood of many Americans in one way or another. The inability to pay for necessary medical care is no longer a problem affecting only the uninsured, but is increasingly becoming a problem for those with health insurance as well.
National Health Partners, Inc. (NHPR), a leading provider of unique discount healthcare membership programs, announced that it has entered into agreement with a major Hispanic marketing group for the sale of its CARExpress programs. The company also sees growth in new sales of memberships of more than 300% thru the remainder of the year.
Under the new agreement, this national Hispanic marketing group will be promoting the company’s CARExpress discount healthcare membership program to Hispanic communities located across the United States, with particular focus on cities and regions containing a large number of Hispanics. With the previously announced plans to increase monthly sales by 75% with its newest and most successful marketing partner, the company now expects sales of new members to grow more than 300% thru the remainder of the year.
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.” CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company’s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company’s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania.
Please visit its website at www.nationalhealthpartners.com
EnteroMedics, Inc. (Nasdaq:ETRM) announced that Mark B. Knudson, Ph.D., Chief Executive Officer, is scheduled to present at the Canaccord Genuity Annual Growth Conference in Boston, MA on Thursday, August 11, 2011 at 9:00 am ET. Dr. Knudson will provide an overview of the Company and an update on its VBLOC� vagal blocking therapy development program. The presentation will be webcast live and may be accessed by visiting EnteroMedics’ website at www.enteromedics.com. A replay of the webcast will also be available immediately after the conclusion of the presentation. Investors can access the webcast under “Press Room” in the “Investors” section of EnteroMedics website.
EnteroMedics Inc., a clinical development stage medical device company, focuses on the design and development of devices that use neuroblocking technology to treat obesity and associated co-morbidities, and other gastrointestinal disorders.
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