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DAILY EARNINGS

J B Hunt, M&T Bank Net Rise; PacWest Bancorp Net Plunges


Author: Mukesh Buch
ticker.com
Last Update: 3:22 AM ET April 17 2017

12:00 PM New York J B Hunt Transport first-quarter net rose 3% to $103 million. M&T Bank first-quarter net soared 17% to $349 million. PacWest Bancorp first-quarter net plunged 13% to $79 million.

Tollbooth Index advanced 69.98 or 0.6% to 11,567.93.

Earnings Review

HCA Holdings Inc (HCA), the healthcare services provider forecasted revenues in the first-quarter ending in March of about $10.6 billion from $10.3 billion.

Net income in the quarter is estimated to decline 5% to $659 million or $1.74 compared to $694 million, or $1.69 per diluted share in the same period a year ago.

J B Hunt Transport Services Inc (JBHT), the surface logistics services provider reported total revenues in the first-quarter ending in March jumped 6.5% from a year ago to $1.6 billion.

Net income in the quarter rose 2.6% to $102.7 million or 92 cents per diluted share from $100.1 million or 88 cents in the same quarter last year.

M&T Bank Corporation (MTB), the retail and commercial banking services provider stated interest income in the first-quarter ending in March gained 2.8% from a year ago to $1 billion.

Net income in the quarter soared 16.9% to $348.9 million or $2.12 per diluted share from $298.5 million or $1.73 in the same quarter last year.

PacWest Bancorp (PACW), the small and middle-market banking services provider said total interest income in the first-quarter ending in March advanced 4.5% from a year ago to $247.4 million.

Net income in the quarter plunged 13% to $78.7 million or 65 cents per diluted share from $90.5 million or 74 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