logo
Share SHARE
FONT-SIZE Plus   Neg

Carolina Trust Bank Posts Q2 Loss

Carolina Trust Bank (CART) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet. Set-top box maker TiVo Inc. (TIVO), Tuesday reported a slight drop in profit for the first quarter despite an increase in revenue, as its bottom line was impacted by a one-time interest expense. Nevertheless, both earnings and revenues for the quarter trumped Wall Street estimates, on subscription growth,... Cloud-based human resource software maker Workday, Inc. said Tuesday after the markets closed that its first quarter net loss widened from last year, as higher costs and expenses more than offset a 57% increase in revenue. However, the company's adjusted loss per share was smaller than what analysts estimated and its quarterly revenue topped analysts' forecast.
comments powered by Disqus
Follow RTT