Nov. 4, 2014 10:51
Lafayette-based Stone Energy Corp. this week reported a third-quarter loss of $29.4 million or 54 cents per share, falling fall short of Wall Street expectations.
Feb. 4, 2014 09:13
The transaction, which adds 33 locations in five states, increasing the Lafayette company's footprint to 342 locations across 27 states, is valued at $60 million. Lafayette-based home health and hospice provider LHC Group Inc. announced this week that it has signed a definitive stock purchase agreement with BioScip Inc. to acquire two of its operating subsidiaries doing business as Deaconess HomeCare and Elk Valley Health Services. The $60 million transaction will add 33 locations in five states, increasing LHC Group's geographical footprint to 342 locations across 27 states. The deal, whi
Jan. 21, 2014 10:50
Company says in a statement that the name Popeyes "is among the most visible expressions of our Louisiana heritage and differentiates Popeyes in the marketplace." NEW YORK (AP) - Restaurant company AFC Enterprises Inc. has changed its corporate name to Popeyes Louisiana Kitchen Inc. CEO Cheryl Bachelder said in a statement that the name Popeyes "is among the most visible expressions of our Louisiana heritage and differentiates Popeyes in the marketplace." Its Nasdaq ticker symbol is changing to PLKI from AFCE on Tuesday. Popeyes had 2,225 operating restaurants in the U.S., three territori
Nov. 26, 2013 11:12
In the works for five years, new system reduces cockpit workload by 60 percent and allows for more consistent operations under challenging weather and operating conditions. Lafayette-based PHI Inc. (NASDAQ Global Market: PHII) and Stratford, Conn.-based Sikorsky Aircraft Corporation and announced this week that they had completed the first operational flights of the new "Rig Approach" system, a first-of-its-kind functionality on the S-92(R) helicopter that provides helicopter operators with an automated approach to offshore rigs and platforms. The flights occurred Nov. 12. Earlier thi
July 30, 2013 10:00
Lafayette-based bank earned $3.3 million for the second quarter of 2013. MidSouth Bancorp Inc. reported record quarterly net earnings of $3.3 million for the second quarter of 2013, compared to a profit of $2.1 million in the second quarter a year ago and $3.1 million for the first quarter of 2013. Diluted earnings for the second quarter of 2013 were 29 cents per common share, compared to 20 cents per common share reported for the second quarter of 2012 and 27 cents per common share reported for the first quarter of 2013. "Our markets in Louisiana and Texas are bene
April 24, 2013 06:00
Bank says lower interest rates cut into its income.   TUPELO, Miss. (AP) - BancorpSouth says profit fell in the first quarter as lower interest rates cut into its income. The Tupelo, Miss., regional bank said Monday that profit fell to $20.8 million, or 22 cents per share, in the quarter that ended March 31. That's down about 9 percent from $22.9 million or 25 cent per share in the same three months of 2012. Analysts polled by FactSet had predicted, 21 cents, on average. BancorpSouth set aside $4 million for future loan losses, down from $10 million in the year-ago period.
Nov. 27, 2012 06:16
Offshore drilling rig contractor Transocean Ltd. said Nov. 6 that its third-quarter loss ballooned to $381 million, hurt in large part its expensive plan to exit the shallow water rig market. The Zug, Switzerland-based company owned the Deepwater Horizon rig that caught fire and sank in the Gulf of Mexico in April 2010, killing 11 people and leading to the worst offshore oil spill in U.S. history. Transocean, which has major operations in Houston, owns or has a stake in a fleet of 115 mobile offshore drilling units, according to the Associated Press. For the quarter ended Sept. 30, Transoce
Nov. 27, 2012 06:11
MidSouth Bank reported third quarter earnings of $2.2 million, or 21 cents a share, up from the $300,000 the company reported for the third quarter last year. The increase in profit margins for MidSouth comes on the heels of the bank's announcement that it will acquire Peoples State Bank of Many and expand its footprint throughout North Louisiana and Texarkana. The merger will add 16 new branches for MidSouth by the end of the year, pending shareholder and regulatory approval. The deal is valued at roughly $39 million, a figure that includes $16 million in cash, 756,534 shares of MidSouth co
Nov. 27, 2012 06:11
MidSouth Bank reported third quarter earnings of $2.2 million, or 21 cents a share, up from the $300,000 the company reported for the third quarter last year. The increase in profit margins for MidSouth comes on the heels of the bank's announcement that it will acquire Peoples State Bank of Many and expand its footprint throughout North Louisiana and Texarkana. The merger will add 16 new branches for MidSouth by the end of the year, pending shareholder and regulatory approval. The deal is valued at roughly $39 million, a figure that includes $16 million in cash, 756,534 shares of MidSouth co
Nov. 27, 2012 06:09
LHC Group, a Lafayette-based home health and hospice provider, earned $6.3 million in the third quarter, or 36 cents per share, compared to a $38 million loss, or $2.08 per share, in the comparable quarter last year. Last year's third quarter loss included a $45 million after-tax charge related to the company's settlement with the Department of Justice over a whistleblower lawsuit. For the nine months ended Sept. 30, the company earned $20 million, compared with a net loss last year of $20.5 million (which included the after-tax charge from the lawsuit). Net service revenue fo

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