LeCroy Corp. of Chestnut Ridge said this morning its second-quarter loss narrowed to $800,000 during the fourth quarter of its fiscal 2007, compared with a loss of $2.2 million a year earlier.

On a per-share basis, the company lost 7 cents in the quarter that ended in June, compared with 19 cents in the last quarter of 2006.

Revenue rose to $40.7 million, from $36.8 million.

The company also reports its quarterly earnings on a basis that does not comply with generally accepted accounting principles. On that basis, the company earned $2.9 million, or 24 cents a share, compared with a profit of $1.4 million, or 12 cents a share, a year earlier.

LeCroy provides oscilloscopes, which are devices that measure the strength of signals in computer chips.

Tal International Group Inc., the Purchase-based company that leases freight containers and chassis, doubled its second-quarter profit to $40.3 million, or $1.23 a share, as leasing revenues rose.

Brian M. Sondey, the company’s president and chief executive, said the performance reflected growth in the company’s fleet and high utilization.

“In the second quarter, we experienced strong leasing demand for of our major container types, as we continued to benefit from solid global containerized trade growth and reduced direct purchases of containers by our customers,” he said in a statement released by the company.

A year earlier, the company earned $20.8 million, or 62 cents a share.

Leasing revenues rose to $77.9 million from $68.8 million, the company said.

Tal says its pre-tax results are the best gauge of its performance. Its adjusted pre-tax income, not counting gains and losses on interest rate swaps, was $26.6 million, compared with $21.1 million a year earlier.

Universal American Corp. reported earnings rose to $28.4 million in the second quarter, including a net gain on investments of $1.8 million, compared to $22.3 million a year ago, a 27.5 percent rise.

Excluding the net gain of 2 cents a share, the Rye Brook insurer reported per-share earnings of 30 cents in the three months ending June 30, compared to 35 cents last year.

Revenues rose 77.3 percent to $1.3 billion, the company said, noting that excluding revenues from its MemberHealth business, acquired in September, revenues rose just 16.5 percent.

Drew Industries Inc., a supplier of parts for recreational vehicles and manufactured homes, said earnings in the second quarter fell 27 percent to $9.2 million from $12.6 million in the year ago period.

Revenues fell 18 percent to to $151 million, Drew said.

Drew blamed the drop on higher costs for raw materials, lower sales of RVs and nation’s stunted housing market.

“The impact of the current economic environment is more of a challenge than we anticipated just three months ago,” said Leigh J.Abrams, chief executive of the White Plains-based company.

On a per-share basis, Drew said it earned 42 cents a share in the three months ending June 30, compared to 57 cents a share during the same period last year.

BioScrip Inc. reported today profits in the latest quarter more than tripled compared a year ago on higher revenues and lower operating expenses.

Net income rose to $1.6 million in the three months ending June 30, the company said, up from $482,000 in the year-ago quarter.

On a per-share basis, the Elmsford-based specialty pharmaceutical company reported it earned 4 cents a share, compared to a penny a share last year.

Revenues rose 18.2 percent to $348.4 million from $294.7 million a year ago.

Among highlights for the quarter, BioScrip noted that revenues in its specialty-services unit rose 25.3 percent above last year’s levels.

Acadia Realty Trust, a real-estate investment trust in White Plains, reported today profits soared in the second quarter to $17.91 million from $3.03 million in the year ago quarter.

Revenues more than doubled in the three months ending June 30 to $51.52 million from $25.25 million last year.

Funds from operations — a widely followed gauge of a real estate investment trust’s performance — totaled $13.9 million, or 41 cents a share, compared with $8.8 million, or 26 cents a share, last year.

Jarden Corp., the consumer products company based in Rye, said this morning it earned $43 million, or 56 cents a share, during the quarter that ended in June.

That was a gain over the $16.7 million, or 23 cents a share, the company earned during the second quarter of 2007.

Sales increased 30 percent to $1.4 billion, partly driven by money that came in from The Pure Fishing Inc., a business the company acquired in April 2007.

“Jarden posted an outstanding second quarter in a difficult macroeconomic environment,” Martin E. Franklin, the company’s chairman and chief executive, said.

Jarden’s brands include Coleman camping equipment, Crock-Pot, Mr. Coffee and Rawlings sporting goods.

Jarden shares closed at $21.50, down 2 cents, yesterday. The shares are down 8.9 percent on the year.

Provident New York Bancorp, the Montebello-based parent company of Provident Bank, said this morning it earned $6.3 million, or 16 cents a share, during its fiscal third quarter, compared to $5.4 million, or 13 cents a share, last year.

The company said its deposits grew 3.1 percent during the quarter, which ended in June.

Net interest income was $24.2 million, a $1.9 million increase from 2007.

George Strayton, the president and chief executive of the company, said: “Our business mode is performing well in this challenging economic environment as evidenced by the significant increase in earnings. During the quarter, we grew our commercial loans by $31 million, or 3 percent, and our transaction account balances increased by $56 million, or 11 percent, and continue to average 31 percent of quarterly deposits.

Tompkins Financial Corp. of Ithaca, the parent of Mahopac National Bank, said it had net income of $7.12 million in the second quarter, or 73 cents a share, on net interest income of $21.9 million. For the comparable quarter a year earlier, it had net income of $6.36 million, or 65 cents a share, on net interest income of $18.5 million.
The company raised its dividend from 32 cents a share to 34 cents a share, payable on Aug. 15 to shareholders of record on Aug. 4. The company acquired Sleepy Hollow Bank, which closed in May.

Vision-Sciences Inc., the medical instruments company in Orangeburg, lost $4.6 million, or 12 cents a share, during the fourth quarter of its fiscal 2008, compared with a profit of $24 million, or 67 cents, a year earlier, when the company had a gain from the sale of a manufacturing license.

Sales in the quarter that ended in March fell to $2.4 million from $3 million.

The company makes endoscopic products that doctors use to examine body canals.

LICT Corp., a Rye-based telecommunications and media company, reported yesterday that its revenues for its fiscal first quarter ending March 31 rose to $25.4 million, up 1.7 percent from $25 million a year ago.

Earnings per share were $250.64, compared to $89.61 a year ago.

Per-share earnings in the quarter included a gain of $148 a share from the sale of four 700-megahertz wireless licenses  to AT&T Mobility II LLC for $6.6 million. Excluding the sale, per-share earnings were $103, LICT said.

MVC Capital Inc., a Purchase-based business development company, reported net operating income of $507,487 for the second quarter, compared to a loss of $2.2 million for the same quarter in 2007. Net assets were $401.7 million, or $16.53 per share, compared with $352.5 million, or $14.53 per share, a year earlier. This increase represented the 18th quarter in a row of net asset growth for the company.

WHX Corp. reported today it narrowed its loss to $6.2 million in the first quarter, less than the $8.5 million that the Rye-based company reported in the year-ago period. On a per-share basis, WHX reported it lost 62 cents compared with 85 cents in the year-ago quarter.

WHX said revenue rose 50.5 percent to $177.3 million in the three months that ended March 31, up from $117.8 million for the comparable period last year.

WHX is a holding company that invests in and manages a diverse group of businesses. Its holdings include Handy & Harman, a manufacturer whose products include fabricated precious metals, tubing and engineered materials. Shares of the company, traded over the counter, fell 10 cents in trading today, to $1.25 each.

Debt Resolve Inc. told regulators today that it can’t file its quarterly earnings statement due to delays in collecting information required for the report.

The White Plains-based company, which helps to settle payment disputes online, said it expects to file the quarterly report by June 5, according to a filing with the Securities and Exchange Commission.

Shares of the company fell 6 cents in trading today to $1.99 each.

AFP Imaging Corp. reported today its fiscal third-quarter loss grew 262 percent to $1.37 million from $378,929 a year ago.

On a per-share basis, the Elmsford-based supplier of imaging equipment to medical and dental offices reported it lost 8 cents a share during the three months that ended March 31, greater than the 3 cents a share it lost in the same period a year ago.

Current fiscal-year results included a charge of $314,482 related to the acquisition of intangible assets, as well as $1.1 million in deferred tax charges, AFP said.

Net sales for the quarter rose 20.2 percent to $8.6 million from $7.1 million in the year-ago period.

Current fiscal-year results include AFP’s Verona, Italy, subsidiary, the company said.

Shares of the company, traded on the over-the-counter market, were unchanged in trading today at 39 cents a share.

Prestige Brands Holdings Inc. reported net income rose in the company’s fiscal fourth quarter, which ended March 31, to $10.4 million, up 24 percent from the $8.4 million it reported a year ago.

On a per-share basis, the Irvington-based maker of familiar household products reported it earned 21 cents a share, compared to 17 cents a share in the year-ago quarter.

Revenues, Prestige Brands said, rose to $80.4 million, up 3 percent from $78 million a year ago.

The revenue increase was driven by improved sales of the company’s over-the-counter health care and household products segments, said Prestige, whose products include Comet cleanser, Compound W wart remover and Prell shampoo.

Haights Cross Communications Inc., a White Plains-based educational and library publisher, today reported a net loss of $9.8 million during the first quarter, less than the net loss of $12.4 million a year earlier.

Revenue of $51.8 million fell 2.1 percent from a year earlier, reflecting declines in the company’s K-12 supplemental education and medical education segments that were partially offset by revenue growth in test-prep and intervention and library segments, the company said.

In January, Haights Cross said it planned to sell its business, and a wind down of its operations began in March. That process is still ongoing, the company said.

At its annual meeting of shareholders in Tarrytown today, ITT Corp. reiterated it expects to earn $4 to $4.10 a share in 2008 on revenues of about $11.5 billion.

In other business, shareholders re-elected nine of 10 board members on its board of directors, the Harrison-based defense contractor said.

Raymond LeBoeuf, an ITT director since 2000, is retiring from the board and didn’t stand for re-election.

Shareholders also approved Deloitte & Touche LLP as the company’s independent auditor, ITT said.

In afternoon trading, shares of the company were down a fraction to $66.43 a share.

Progenics Pharmaceuticals Inc., an Eastview company that is about to start marketing a drug for the treatment of constipation in patients who are on certain pain relievers, lost $15.5 million, or 52 cents a share, during the first quarter of this year.

The loss widened from the $10.4 million, or 40 cents a share, reported for last year’s first quarter, the company said this morning.
Revenues dropped to $14.8 million from $17.6 million.

Most of the revenue came from reimbursements Progenics got from drug giant Wyeth for work Progenics did developing a drug under an agreement the company’s have.

The U.S. Food and Drug Administration last month approved the company’s application to market Relistor for patients on pain medications for advanced illnesses. Some of those pain medications cause constipation that cannot be relieved with laxatives.
Progenics is also testing a drug for the treatment of the AIDS virus.

The chief executive of Barr Pharmaceuticals Inc., which has research operations in Rockland County, said this morning the company’s first-quarter earnings were disappointing but will improve later in the year.

The company, the parent of Barr Laboratories Inc., earned $23 million, or 21 cents a share, in the quarter that ended in March. A year earlier, the company earned $12 million, or 11 cents a share.

On an adjusted basis that does not comply with generally accepted accounting principles, the company earned 57 cents a share, down from 73 cents last year.

Revenues were $608 million, up from $597 million.

Bruce L. Downey, the company’s chairman and chief executive, said: “While our results for the first quarter did not meet our expectations, we believe that these results will improve in the second half of the year and demonstrate the value of expanding our operations and markets outside the U.S.”

He said the company had strong sales in Germany, Russia and Poland.