Albany, New York (09/25/2014) – Casella Waste Systems Inc. (NASDAQ:CWST) announced an $11.0 million aggregate principal amount of bond offering of BFA, under an indenture between the bond trustee and BFA. It will include the conversion as well as the remarketing of initial bonds and additional bonds amounting to $5.5 Million each. The initial bongs of $5.5 million will be supported by a letter of credit as per the Casella’s senior credit facility. Later on, both bonds will be backed by a guaranty of Casella’s subsidiaries. The exact timing and terms of the bonds offered will depend upon market conditions and several other factors.
The Wet Seal, Inc. (NASDAQ:WTSL) reported dismal financial results in the second quarter 2014. It reported loss of 15 cents per share against the analysts’ expectations of 10 cents. The weak top line resulted in a decline in earnings. The revenues came at $121.2 million, down 11.7% compared to a year ago. The analysts expected the revenues to come at $124.0 million. The comps declined by 12.4% resulting in a fall in the revenues. There has been no improvement in Wet Seal’s comparable store less from last several quarters. The lower comps at both Arden B and Wet Seal Stores are underperforming. The other factors like unemployment, poor back-to-school season and lower spending environment is adding to the company’s woes.
eGain Corp (NASDAQ:EGAN) announced that it would exhibit at the 2014 Shop.org Summit to be held in Washington, starting from September 29, 2014 to October 1, 2014. eGain will focus on the cloud customer solutions in the summit. It will display the use of cloud customer engagement solutions that enables the providers and retail industry to provide smart, connected experience across touch points.
Xueda Education Group (ADR) (NYSE:XUE) reported net revenue of $120.8 million in its second quarter results. The revenues rose 5.4% year-over-year. The gross margin declined to 34.5% compared to 39.1% in 2Q2013. The net income came at $15.3 million comparable to $17.2 million a year ago. The student retention rose 30.5% YOY to 31,846 students.
