Profits at T. Rowe Price Group Inc. increased 23 percent for the three-month period that ended last month, as a rising stock market pushed the amount of client money managed by the firm to a record high.
Jos. A. Bank Clothiers Inc., likely a few weeks away from finalizing a $1.8 billion deal to be acquired by Men's Wearhouse, posted a $37.1 million first quarter loss stemming from merger-related expenses.
Millennial Media's revenue surged 47 percent in the first three months of the year, but its losses more than tripled, and shares fell by nearly half in after-hours trading. CFO Michael Avon meanwhile announced his resignation.
The CEO of a Hunt Valley-based real estate investment trust, which has a porfolio of skilled nursing and assisted living facilities across the U.S., was awarded $7.3 million in compensation for 2013, a year that the firm's returns placed it among the top performing REITs in the country.
The city-owned Hilton Baltimore spent nearly all of the $2.8 million in hotel occupancy taxes the city set aside last year to help the struggling convention center hotel make its debt payments, officials said.
Millennial Media lost $3.8 million despite a surge to $96.7 million in revenue in the fourth quarter of 2013, with both results beating analysts' expectations, but shares fell in after-hours trading on shaky expectations going forward.
The real estate investment trust, which caters to government and defense-related tenants, saw earnings per share hit 94 cents for the three months ended Dec. 31, compared to 16 cents during the same period in 2012.
Omega Healthcare Investors Inc., a Hunt Valley-based real estate investment trust, announced profits Tuesday of $47.2 million for the three months ended Dec. 31, an increase of 39 percent over the $33.9 million earned during same period in 2012.
Sinclair Broadcast Group Inc. saw profits for the third quarter jump 38 percent, benefiting from strength in television advertising and growth in revenue from fees broadcasters charge cable TV companies to carry their signals.
Chemical maker W.R. Grace & Co. said Wednesday that its income in the third quarter fell 8 percent from a year earlier as it continues to deal with challenges in its catalysts business, which includes additives used by refineries.
Baltimore's speed and red light camera contractor says it expects the city's dormant network of automated cameras to be "fully activated" by the end of September. But city officials say no restart date has been set and make clear the decision rests with them — not the contractor.
Sinclair Broadcast Group Inc. said Wednesday second quarter net income fell 41 percent to $17.8 million, or 19 cents per share, from a net income of $30.1 million, or 37 cents per share in the comparable period a year ago.
A failure to make bond payments may influence investors' scrutiny of MEDCO, a company created by the General Assembly to aid economic development through Maryland, it will not affect the state's credit rating, experts say.
As Jos. A. Bank Clothiers prepares to announce year-end and quarterly results this week, Zacks Investment Research has downgraded the retailer's stock to a strong sell rating, citing the company's January warning that fiscal year profit will be off 20 percent.
Under Armour CEO Kevin Plank, bolstered by fourth-quarter and year-end revenue numbers that exceeded projections, made bold promises about the future of his Baltimore-based company during its fourth-quarter earnings call Thursday.
Legg Mason's board is meeting to discuss and possibly decide on a CEO among four candidates. Interim CEO Joseph Sullivan is believed to have the inside track because of support from Legg's affiliate investment firms.
Baltimore television stations were expecting little in the way of political advertising this campaign year. Then the fight over expanded gambling in Maryland erupted, pitting deep-pocketed and competing casino companies against one another.
The experts are in agreement: the threat of automatic spending cuts by the federal government caused companies to press the pause button on real estate expansion in the Baltimore region during the third quarter.
Havre de Grace finished its fiscal year June 30 "in sound financial shape," with a $3.1 million fund balance in its operating budget, according to Mayor Wayne Dougherty, despite a troublesome and worsening deficit in the city government's Water and Sewer Fund
Sinclair Broadcast Group Inc. saw its second-quarter income jump 61 percent and raised its quarterly dividend as political advertising far exceeded company expectations, the Hunt Valley broadcaster said Wednesday.
Sports apparel maker Under Armour Inc. reported a 7 percent gain in second-quarter earnings Tuesday, beating Wall Street estimates as new offerings in women's apparel and footwear helped drive sales increases.