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Mortgage rates or interest rates on home loans rose for fourth consecutive week, according to mortgage provider Freddie Mac. Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 4.20 percent for the week ending April 25,...

BB&T Corp. (BBT) and SunTrust Banks Inc. (STI) jointly said Thursday that their chief executive officers are discussing a merger of equals. Kelly King, chief executive officer of BB&T, and William Rogers, chief executive officer of SunTrust, spoke at a joint public meeting of the Federal Reserve Board...

California Water Service Group Holding (CWT) on Thursday reported a net loss for the first quarter of $7.6 million or $0.16 per share, wider than net loss of $0.8 million or $0.02 per share in the year-ago period. The wider net loss was primarily due to increases in operating expenses which were not...

While reporting its first-quarter financial results on Thursday, Cullen/Frost Bankers, Inc. (CFR) said its board of directors declared a second-quarter cash dividend of $0.71 per common share. This represents a 6.0 percent increase over the previous year's dividend, and is payable June 14, 2019 to...

Deluxe Corp. (DLX) on Thursday reported a decline in profit for the first quarter from last year despite higher revenues. However, both revenue and adjusted earnings per share beat analysts' estimates. The company's net income for the first quarter was $41.2 million or $0.93 per share, down from $63.3...

Brunswick Corp. (BC) on Thursday reported a net loss for the first quarter of $36.3 million or $0.42 per share, compared to net income of $72.9 million or $0.82 per share in the year-ago period. The latest quarter's results include an after-tax charge of $103.0 million related to a goodwill impairment...

Boat and yacht retailer MarineMax Inc. (HZO) Thursday reported second quarter net profit of $5.303 million, down from $6.184 million in the prior week, despite 12 percent increase in revenues. On a per share basis, earnings were down at $0.23, compared to $0.28 in the previous year. On average, 10...

Cleveland-Cliffs Inc. (CLF) on Thursday reported a net loss for the first quarter of $22.1 million, or $0.08 per share, narrower than net loss of $84.3 million or $0.29 per share in the prior-year quarter. Consolidated revenues for the quarter declined to $157 million from $180 million in the year-ago...

Travelzoo (TZOO) recorded first quarter net profit of $3.12 million, up from $2.50 million in the prior year. On a per share basis, earnings increased to $0.26 from $0.20 a year ago. Revenue for the quarter edged down to $30.825 million from $30.884 million last year.

Automotive retailer Sonic Automotive Inc. (SAH) on Thursday reported a turnaround to profit in the first quarter despite lower revenues. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues missed their estimates. The company's net income for the first quarter was...

comcast-april25.jpg Comcast Corp. on Thursday reported a 14 percent increase in profit for the first quarter from last year on a double-digit growth in revenues. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues missed their estimates. Total customer relationships increased by 3.6 percent to 30.7 million in the quarter and include net additions of 300,000.

Bristol-Myers Squibb Co. (BMY) reported that its net earnings attributable to the company for the first-quarter 2019 rose to $1.7 billion or $1.04 per share from $1.5 billion, or $0.91 per share for the same period in 2018. The results for the first quarter of 2019 included $187 million of Celgene-related...

Rockwell Automation, Inc. (ROK) announced, given the weakness in automotive, the company reduced the high end of its 2019 guidance range for organic sales growth and adjusted EPS. The mid-point of the updated adjusted EPS guidance range is now $9.00, compared to $9.05 in previous guidance. For 2019,...

Valero Energy Corp. (VLO) reported that its net income attributable to stockholders for the first quarter of 2019 declined to $141 million or $0.34 per share from $469 million or $1.09 per share, for the first quarter of 2018. Excluding adjustments, first quarter 2018 adjusted net income attributable...

Environmental solutions company Waste Management, Inc. (WM) reported Thursday that its first-quarter net income was $347 million or $0.81 per share, compared to $396 million or $0.91 per share last year. On an adjusted basis, net income for the latest quarter was $402 million or $0.94 per share. Revenues...

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