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Armstrong World, ACNB Corp., Riverview Financial report results

By - Last modified: April 29, 2013 at 11:47 AM

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Two area banks and global building products manufacturer Armstrong World Industries Inc. have reported results for the first fiscal quarter of 2013.

Armstrong this morning reported net income of $3.0 million, or 5 cents per diluted share, compared with net income of $18.2 million, or 31 cents per diluted share, in the first quarter of 2012.

Armstrong reported non-GAAP or adjusted earnings of 22 cents per diluted share. Analysts had expected earnings of 39 cents per diluted share, according to Yahoo Finance.

Armstrong said it expected to hit its previously announced revenue targets for 2013 of $2.7 billion to $2.8 billion, but lowered its full-year earnings-per-share estimate to between $2.15 and $2.45.

Armstrong, based in Manor Township, Lancaster County, makes ceilings, flooring and other building products. Its shares trade on the Nasdaq under the ticker symbol AWI.

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Riverview Financial Corp. on Friday reported net income of $483,000, or 28 cents per diluted share, for the first fiscal quarter of 2013, compared with net income of $897,000, or 52 cents per diluted share, in the first quarter of 2012.

Riverview's first-quarter results for 2012 were inflated by a one-time gain of $770,000 from the sale of investment securities, the company said.

Riverview, based in Halifax, is the parent company of Riverview Bank, which includes the Marysville Bank and Halifax Bank divisions. Its shares trade over the counter under the ticker symbol RIVE.

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ACNB Corp. on Friday reported net income of $2.4 million, or 41 cents per diluted share, for the first quarter of 2013, compared with net income of $2.2 million, or 38 cents per diluted share, in the first quarter of 2012.

ACNB, based in Gettysburg, is the parent company of ACNB Bank. Its shares trade on the Nasdaq under the ticker symbol ACNB.

Write to the Editorial Department at editorial@cpbj.com

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