S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

Fastenal Net and Revenue Jumps


Author: Mukesh Buch
ticker.com
Last Update: 12:16 PM EDT April 11 2018

11:45 PM New York Fastenal first-quarter net surged 30% to $174 million on 13% jump in revenues. Layne Christensen fourth-quarter net swung to profit and revenues soared 11%. Washington Federal second-quarter net surged 17% to $49 million.

Tollbooth Index fell 12.79 to 14,644.82 and for the year-to-date increased 6.4%.

Earnings Review

EMCORE Corporation (EMKR), the optical chips maker lowered second-quarter revenues in the range of $18 million to $19 million from the earlier estimate of $21 million to $23 million.

Fastenal Company (FAST), the industrial and construction supplies provider reported net sales in the first-quarter ending in March soared 13.2% from a year ago to $1.2 billion.

Net income in the quarter surged 30% to $174.3 million or 61 cents per diluted share from $134.2 million or 46 cents in the same quarter last year.

Layne Christensen Company (LAYN), the financial services provider stated revenues in the fourth-quarter ending in January jumped 10.5% from a year ago to $110.4 million.

Net in the quarter swung to profit $2.6 million or 12 cents per diluted share from a loss of $33.1 million or $1.67 in the same quarter last year.

Tupperware Brands Corporation (TUP), the kitchen, home storage, and beauty products distributor lowered first-quarter revenues to decrease 2% and also lowered diluted earnings per share in the range of 87 cents to 92 cents from the earlier estimate of $1.01 to $1.06.

Washington Federal Inc (WAFD), the financial services provider said total net interest income in the second-quarter ending in March jumped 9.5% from a year ago to $149.1 million.

Net income in the quarter soared 17.1% to $49.3 million or 57 cents per diluted share from $42.1 million or 47 cents in the same quarter last year.

The lender said as of March 31, total assets increased to $15.6 billion from $15.3 billion in the first-quarter ending in September 2017.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc