Wednesday, June 20, 2012, 5:37 PM
QuinStreet (QNST) to be added to the S&P 600, with eResearchTechnology (ERT) to be deleted as of the close on June 27th. ERT is being acquired by affiliates of Genstar Capital in a deal expected to be completed soon.
Tuesday, April 10, 2012, 7:34 AM
Genstar Capital purchases eResearch Technology (ERT) for ~$400M. The $8-a-share offer marks only a slight premium over yesterday's closing price of $7.84.
Tuesday, February 28, 2012, 11:40 AM
eResearch Technology (ERT +16.9%) shares soar after Q4 results beat analyst estimates and Benchmark says it believes underlying clinical research industry trends recovered late in 2011 and have now returned to a favorable track. In raising shares to Buy, the firm expects improved margins, profitability and cash flow with the recent release of the Expert3 platform.
Comment![Healthcare, On the Move]
Monday, February 27, 2012, 6:27 PM
More on eResearch Technology's (ERT) Q4: Bookings for the quarter were $82.5M, a new high and well above revenue of $52.3M. As a result, eResearch's total backlog grew 4% Q/Q to $357.4M. The company expects Q1 revenue of $46M-$49M and EPS of $0.08-$0.11 (consensus of $44.7M and $0.10), and 2012 revenue of $195M-$203M and EPS of $0.45-$0.53 (consensus of $195.2M and $0.46). ERT +15.7% AH. (PR)
Comment![Healthcare, Earnings, On the Move]
Monday, February 27, 2012, 4:32 PMeResearch Technology (ERT): Q4 EPS of $0.14 beats by $0.06. Revenue of $52.3M (+8.7% Y/Y) beats by $5M. Shares +18.7% AH. (PR)
Comment![Earnings, On the Move]
Thursday, October 6, 2011, 3:49 PM
eResearch Technology (ERT +4.6%) jumps after Citigroup upgraded the stock to buy from hold earlier today on valuation, saying the downward momentum in its business trend has bottomed.
Comment![Tech, On the Move]