12:00 PM New York – First Data fourth-quarter net swung to profit $192 million. HCP fourth-quarter net swung to profit $58.4 million. Insperity fourth-quarter net surged 51% to $9 million. Teva Pharmaceutical fourth-quarter net swung to loss of $1 billion. WEX fourth-quarter net plunged 22% to $51 million.
Tollbooth Index increased 38.90 or 0.3% to 11,584.76.
Earnings Review
First Data Corporation (
FDC), the electronic payment services provider reported revenues in the fourth-quarter ending in December fell 1% from a year ago to $2.9 billion.
Net in the quarter swung to profit $192 million or 21 cents per diluted share compared to loss of $1.2 billion or 22 cents per share in the same quarter last year.
The payment services provider said prior year net loss included debt extinguishment charges and one-time IPO-triggered expenses of about $1.3 billion.
HCP, Inc (
HCP), the healthcare real estate developer said total revenues in the fourth-quarter ending in December advanced 3.8% from a year ago to $539.9 million.
Net in the quarter swung to profit $58.4 million or 12 cents per diluted share compared to loss of $599.2 million or $1.29 per share in the same quarter last year.
Insperity Inc (
NSP), the human resources services provider stated revenues in the fourth-quarter ending in December jumped 13% from a year ago to $729.1 million.
Net income in the quarter surged 50.5% to $9.3 million or 45 cents per diluted share compared to $6.2 million or 26 cents per share in the same quarter last year.
Teva Pharmaceutical Industries Ltd (
TEVA), the Israel-based specialty and generic medicines maker reported revenues in the fourth-quarter ending in December surged 33% from a year ago to $6.5 billion.
Net in the quarter swung to loss of $1 billion or $1.10 per diluted share compared to profit of $485 million or 55 cents per share in the same quarter last year.
Teva reaffirmed revenues in the year in the range of $23.8 billion to $24.5 billion and non-GAAP earnings per share between $4.90 and 5.30.
Versum Materials Inc (
VSM), the specialty gases and chemicals provider stated revenues in the first-quarter ending in December jumped 10% from a year ago to $270.8 million.
Net income in the quarter tumbled 74.6% to $5.3 million or 12 cents per diluted share compared to $20.9 million or 54 cents per share in the same quarter last year.
WEX Inc (
WEX), the corporate payment solutions provider said total revenues in the fourth-quarter ending in December soared 37% from a year ago to $290.8 million.
Net income in the quarter plunged 22% to $50.8 million or 47 cents per diluted share compared to $65.2 million or 60 cents per share in the same quarter last year.
WEX estimated revenue in the first-quarter between $275 million and $285 million and net income in the range of $50 million to $53 million and diluted earnings per share between $1.16 and $1.24.