The markets: The week that was
Banknorth Group (BNK) reported second-quarter net income of $95.8 million, a 10 percent increase over a year ago. For the quarter, Banknorth had income of 55 cents per share, up from 53 cents for the same period last year. Its earnings were in line with analysts’ expectations … Robotic Vision Systems Inc. (RVSI.OB) has completed a private placement of 931,703 shares of common stock with a group of institutional investors at $2.05 per share, raising approximately $1.9 million in gross proceeds. The proceeds of the financing will be used for working capital to support current growth as well as for other general corporate purposes … StockerYale Inc. (STKR) said revenues for the second quarter were $4.5 million, an increase of 24 percent over the $3.6 million reported in the second quarter of 2003, and up 7 percent sequentially from the first quarter … Fisher Scientific International Inc. (FSH) sold $300 million of 10-year senior subordinated notes due in the 144a private placement market. The size of the deal was increased from an originally planned $250 million … Anthem Inc. (ATH) posted a 34 percent rise in second-quarter profit and raised its outlook for the year. The health-insurance provider also said it will go to court to overturn the California insurance commissioner’s rejection of its $16.4 billion merger with WellPoint Health Networks Inc. … Citing new product demand, Boston-based Teradyne Inc. (TER) posted an $80.5 million profit – double its first-quarter results – and a nearly 60 percent increase in sales for the second quarter, company officials said Wednesday. The 39-cents-a-share profit is a turnaround from the $52.5 million loss the company posted last year.