US Stock Reports, Quotes and News
TOKYO (Reuters) -Japanese electric motor maker Nidec on Tuesday posted an operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce price competition in China's electric vehicle market.
On Tuesday, Renault reported a 1.8% increase in first-quarter revenue, driven by higher sales from its financing arm due to rising interest rates, and a 2.6% increase in car sales volumes compared to the previous year.
BIRMINGHAM – Regions Financial Corp. (NYSE:RF) today reported lower earnings for the first quarter ended March 31, 2024, with net income available to common shareholders at $343 million and earnings per diluted share of $0.37.
Marsh McLennan (NYSE: NYSE:MMC) has delivered robust financial results for the first quarter of 2024, with significant growth in underlying revenue across all business segments. The company reported a 9% increase in underlying revenue, an 11% rise in adjusted operating income, and a 14% growth in adjusted EPS. Additionally, Marsh McLennan completed $300 million in share repurchases and made strategic acquisitions to enhance its market position. The firm\’s insurance and reinsurance market conditions remained stable, with rate increases in primary insurance and reinsurance markets meeting the higher demand. Looking ahead, Marsh McLennan forecasts continued mid-single-digit or better underlying revenue growth, margin expansion, and strong adjusted EPS growth for the full year.
FNB Corporation (NYSE: FNB) has reported a strong first quarter, with operating earnings per share at $0.34 and operating net income of $123 million. The company has seen significant growth in its loan and deposit portfolios, along with a nearly record level of non-interest income, thanks to its strategic investments and geographic expansion. FNB\’s asset quality metrics remain robust, and the company is optimistic about the second half of the year, expecting to benefit from a more favorable interest rate environment. Despite some increases in operating non-interest expense and a slight decline in net interest margin, FNB maintains its full-year guidance and continues to receive recognition for its service and performance.
MILWAUKEE – Badger Meter, Inc. (NYSE: NYSE:BMI) announced a robust start to the year with record-breaking financial results for the first quarter ended March 31, 2024. The company reported a significant 23% increase in sales, reaching $196.3 million, compared to $159.1 million in the same quarter last year. This performance surpassed the analyst consensus estimate of $182.25 million.
Investing.com — Discover Financial Services reported mixed first-quarter results Wednesday as earnings missed, but revenue beat analyst forecasts.
Bank of America Corp. (NYSE:BAC) delivered a robust financial performance in the first quarter, with net income reaching $6.7 billion and earnings per share (EPS) at $0.76, despite a $0.07 reduction due to an FDIC special assessment expense.
Northern Trust Corporation (NASDAQ:NTRS) reported a net income of $215 million for the first quarter of 2024, with earnings per share at $0.96. The company highlighted strong growth in assets under custody and administration, alongside assets under management, due to favorable equity markets and client inflow.
Johnson & Johnson (JNJ), a global healthcare giant, reported a 3.9% increase in worldwide sales, hitting $21.4 billion for the first quarter of 2024. The U.S. market saw a 7.8% increase, although international sales slightly declined by 0.3%. Excluding the COVID-19 vaccine impact, operational sales growth was 7.6% worldwide.
Johnson & Johnson (NYSE:JNJ) reported mixed financial results for the first quarter of 2024, with adjusted earnings per share (EPS) slightly surpassing analyst expectations, while revenue fell marginally short of estimates. The healthcare giant posted an adjusted EPS of $2.71, which was $0.07 higher than the consensus estimate of $2.64. However, quarterly revenue was a hair\’s breadth away from consensus, coming in at $21.38 billion against the expected $21.4 billion.