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Carolina Trust Bank Posts Q2 Loss

7/19/2013 4:15 PM ET

Carolina Trust Bank (CART: Quote) Friday reported second-quarter net loss of $1.49 million or $0.32 per share, compared to net income of $301 thousand or $0.07 per share last year.

Net interest income rose to $2.62 million from $2.60 million a year ago. Non-interest income for the quarter dropped to $268 thousand from $342 thousand last year.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
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