Atwood Oceanics (ATW), an offshore drilling company, reported lower profit and revenue in its fiscal Q1. Shares edged lower as much as 0.4% in extended trading on Friday. EPS decreased to $0.15 in the period ended Dec. 31, from $0.60 a year earlier. That missed the $0.20 average estimate of analysts surveyed by Capital IQ, if comparable. Q1 revenue fell to $157.6 million from $307.8 million. That topped the analyst consensus of $157.2 million.
On Deck Capital (ONDK) late Friday said James Hobson has told the small-business lender he plans to resign as chief operating officer at the company, effective March 15, to pursue an outside opportunity.
Hobson has been chief operating officer since June 2012 following a 13-month stint as senior vice president for strategic partnerships and platform solutions. On Deck said it does not expect to hire a replacement for Hobson but will instead reallocate his duties among its existing executives.
HHGregg (HGG) was told it wasn’t in compliance with listing rules on market capitalization and because the average closing price on the company’s stock was less than $1 over a 30-day period. The company’s average global market capitalization over a consecutive 30 trading-day period was less than $50 million and stockholders’ equity was less than $50 million. HHGregg will submit a letter to the New York Stock Exchange on how it will come back into conformity with the rules. HGG was down almost 10% by Friday’s close.