RJET, Republic Airways Holdings Inc.
** RJET has raised its guidance for year over year unit revenue increases on its Frontier Airlines branded operations for the fourth quarter of 2011.
RJET is updating its guidance on year-end unrestricted cash from a previous range of $200 to $210 million to a new range of $215 to $220 million.
RJET is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America.
More about RJET at www.rjet.com
NAVB, Navidea Biopharmaceuticals, Inc.
** NAVB reported that it has entered into an option agreement with Alseres Pharmaceuticals, Inc., to license [123I]-E-IAFCT Injection, also called Altropane, an Iodine-123 radiolabeled imaging agent, being developed as an aid in the diagnosis of Parkinson's disease and movement disorders.
[123I]-E-IACFT is a patented, novel, small molecule radiopharmaceutical used with single photon emission computed tomography imaging to identify the status of specific regions in the brains of patients suspected of having Parkinson's disease. The agent binds to the dopamine transporter on the cell surface of dopaminergic neurons in the striatum and substantia nigra regions of the brain. Loss of these neurons is a widely recognized hallmark of Parkinson's disease.
NAVB is a biopharmaceutical company focused on the development and commercialization of precision diagnostics and radiopharmaceutical agents.
More about NAVB at www.navidea.com.
URI, United Rentals, Inc.
** On its fourth quarter fiscal 2011, URI posted total revenues of $746 million and rental revenue of $589 million, compared with $597 million and $497 million, respectively, in the same period the prior year.
For the full year 2011, total revenues were $2.6 billion and rental revenue was $2.2 billion, compared with $2.2 billion and $1.8 billion, respectively, for 2010.
For the full year 2011, on a GAAP basis, URI reported income from continuing operations of $101 million, or $1.38 per diluted share, compared with a loss of $22 million, or $0.38 per diluted share, for 2010.
URI is the largest equipment rental company in the world, with an integrated network of 529 rental locations in 48 states and 10 Canadian provinces.
More about URI at www.ur.com
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