Parker Hannifin delivered fourth-quarter earnings of $1.78 per diluted share, resulting in full-year earnings of $6.26 per share. Both metrics were below our expectations as sluggish global demand in Parker’s end markets continues to stunt revenue growth. Additionally, the company has struggled to keep margins flat, which amplifies the impact on earnings. For 2014, the…
Second-quarter profits to common investors at SunTrust Banks rose 35% to $365 million, or $0.68 a diluted share, from $270 million, or $0.50 a diluted share, a year earlier. Net interest income fell 5% to about $1.2 billion, as reported net interest margin fell to 3.25% from 3.39% in 2012’s second quarter. However, SunTrust’s earnings…
Baer’s reported net income for the first half of CHF 114 million includes a significant amount of acquisition, integration, and one-off items. On an underlying basis, the bank’s net profit was CHF 261 million for the first half, up 26% from the year-ago half, as the bank benefited from higher assets under management and increased…
The People’s Bank of China (PBOC) announced the elimination of the original lending rate floor of 30% discount to benchmark, allowing banks to lend at any discount to benchmark lending rates as they see fit. The PBOC scrapped the cap on lending rates in 2004, and this move will fully liberalize lending rates for banks….
‘ second-quarter earnings demonstrate the strength of the company’s business model and underlying profitability, as highly efficient and productive new plants drove improvement in the electricity segment and the company’s dominance in lower-heat geothermal continued to produce strong results. During the quarter, Ormat earned $0.41 per share excluding noncash derivative gains and the gain on…
Many agree with Dell’s special committee’s assertion that Michael Dell’s bid of $13.65 per share is the best offer available to shareholders, constituting a superior offer to Carl Icahn’s partial buyout proposal. A growing number of major shareholders have voiced their dissent, and on the eve of the vote, nearly 30% of Dell’s shares had…
