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Oct 26, 2009 - 2:49 PM EDT
Ethan Allen Interiors (ETH) said it has amended its three year senior secured revolving credit facility, increasing the line to $60 million by adding a $20 million commitment from Wells Fargo Retail Finance. Ethan Allen said The company currently has no plans to use the facility other than for its outstanding letters of credit - currently $12.5 million - primarily for workers compensation insurance purposes. The facility is provided by a syndicate led by JP Morgan Chase Bank. The company also updated guidance, saying they expect diluted loss per share to be between $0.21 and $0.23. Shares of Ethan Allen are down over 13% this afternoon. Sohu.com Inc. (SOHU) announced earnings today, with EPS at 88 cents, missing analyst estimates. Additionally, the company estimates total revenues for the fourth quarter of 2009 to be between $134.5 million and $138.5 million, which is also below estimates. Sohu shares are trading down over 16% so far today. PrivateBancorp, Inc. (PVTB) will be doing an offering of $175 million of its common stock. The company lost $31.2 million, or $0.68 per diluted share, for the third quarter. PrivateBancorp shares are down over 29% in afternoon trading. For MarketNewsVideo.com, I'm Angela Salvucci.Source: Market News Video (Oct 26, 2009 - 2:49 PM EDT)
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