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CPBJ Daily

Thursday, July 29, 2010 11:32 AM
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New York-based Cedar Shopping Centers Inc. and Berks County-based National Penn Bancshares Inc. posted second-quarter losses today, while Cumberland County-based Harsco Corp. reported a 24 percent drop in its quarterly income.

Cedar, which owns multiple shopping centers in Central Pennsylvania, lost more than $2.5 million in the quarter that ended June 30, compared with net income of $1.9 million in the year-ago quarter, according to the company.

Loss per basic and diluted shares was 7 cents, compared with a loss per share of 1 cent a year ago. Analysts had estimated no income per share, according to Yahoo Finance.

Cedar’s stocks are traded on the New York Stock Exchange under the ticker symbol CDR.

National Penn, which operates five banks in Lancaster County, posted a net loss of $3.5 million in the quarter compared with a $7.5 million loss a year ago.

Loss per diluted share was 4 cents compared with a loss of 11 cents a year ago, according to the company. Analysts had estimated a profit of 1 cent, according to Yahoo Finance.

National Penn’s stocks are traded on the Nasdaq under the ticker symbol NPBC.

Wormleysburg-based Harsco had net income of $31.4 million in the quarter, down 24 percent from its year-ago income of $41.5 million, according to the company.

Earnings per diluted share were 37 cents, down from 50 cents a year ago. Analysts had estimated 38 cents, according to Yahoo Finance.

Harsco, an industrial services company with operations in nonresidential construction, energy, mining, railroads and metals manufacturing, trades its stocks on the NYSE under the ticker symbol HSC.

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