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DAILY EARNINGS

First Data, Loews Net Surge; CNA Financial Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 12:13 PM EST February 12 2018

11:45 PM New York CNA Financial fourth-quarter net declined 8% to $223 million. Diamond Offshore Drilling fourth-quarter net swung to a loss of $32 million. First Data fourth-quarter net surged to $948 million. Heartland Express fourth-quarter net soared to $39 million. Loews fourth-quarter net jumped 66% to $481 million.

Tollbooth Index soared 182.62 or 1.3% to 13,856.82.

Earnings Review

CNA Financial Corp (CNA), the insurance services provider said net written premiums in the fourth-quarter ending in December rose 2% from a year ago to $2.4 billion.

Net income in the quarter declined 7.5% to $223 million or 82 cents per diluted share from $241 million or 89 cents in the same quarter last year.

Dycom Industries, Inc (DY), the construction services provider forecasted fiscal 2019 revenues in the range of $3.30 billion to $3.50 billion and diluted earnings per share between 4.78 and $5.70.

Diamond Offshore Drilling Inc (DO), the oil and gas drilling services provider stated revenues in the fourth-quarter ending in December declined 12% from a year ago to $346.2 million.

Net in the quarter swung to a loss of $31.9 million or 23 cents per diluted share from profit of $116.1 million or 85 cents in the same quarter last year.

First Data Corp (FDC), the payment technology and solutions provider said revenues in the fourth-quarter ending in December soared 7% from a year ago to $3.2 billion.

Net income in the quarter surged to $948 million or $1 per diluted share from $192 million or 21 cents in the same quarter last year.

General Dynamics Corporation (GD), the defense contractor plans to acquire smaller rival and information technology provider to the U.S. Department of Defense, CSRA Inc for $40.75 per share in cash or about $6.8 billion.

CSRA Inc stock surged 31.3% to $40.47.

Heartland Express, Inc (HTLD), the truckload services provider said revenues in the fourth-quarter ending in December jumped 18.3% from a year ago to $165.7 million.

Net income in the quarter soared to $38.6 million or 46 cents per diluted share from profit of $13.1 million or 16 cents in the same quarter last year.

Loews Corporation (L), the property and casualty insurance provider reported revenues in the fourth-quarter ending in December increased 6.6% from a year ago to $3.6 billion.

Net income in the quarter jumped 65.9% to $481 million or $1.43 per diluted share from $290 million or 86 cents in the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc