Los Angeles Business Journal

News Roundup: Cathay, Iris, Capstone

By Deborah Crowe Tuesday, July 17, 2012

EARNINGS: After the markets closed Tuesday, L.A. bank holding company Cathay Bancorp reported second quarter net income of $29.9 million (33 cents a shares), 2 cents higher than the consensus of analysts surveyed by Capital IQ. Shares earlier closed up 1.5 percent to $17.11 on the Nasdaq, and were unchanged in after-market trading.

NEW PRODUCTS: Chatsworth medical test equipment maker Iris International Inc. announced the launch of its new Alifax family of blood analysis systems. The devices will be used by hospitals and laboratories to more quickly process blood samples to detect an indicator of inflammation. Iris shares closed up 2.5 percent to $11.96 on the Nasdaq.

OVERSEAS ORDERS: Chatsworth microturbine manufacturer Capstone Turbine Corp. said it has received multiple orders from two natural gas service companies in Colombia that total two megawatts of prime power generation. The units are expected to be installed later this year. Shares closed down 4.6 percent to $1.04 on the Nasdaq.