On Thursday, Shares of Wynn Resorts Ltd. (NASDAQ:WYNN), dropped -0.76% to $128.08.
Wynn Resorts, declared that it will release the Company’s financial results for the first quarter ended March 31, 2015 after the market close on Tuesday, April 28, 2015, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET).
Wynn Resorts, Limited, together with its auxiliaries, develops, owns, and operates destination casino resorts. It operates in two segments, Macau Operations and Las Vegas Operations. The company operates Wynn Macau and Encore at Wynn Macau resort located in the Peoples Republic of China.
Shares of Gentex Corp. (NASDAQ:GNTX), declined -0.77% to $18.12, during its last trading session.
Gentex Corp, stated financial results for the first quarter ended March 31, 2015.
For the first quarter of 2015, the Company is happy to report net sales of $368.9 million, which was an enhance of 10% contrast to net sales of $335.7 million in the first quarter of 2014. This strong sales growth was accomplished in spite of a worldwide light vehicle production environment that was down 2% in our primary markets, as compared to the first quarter of 2014 and foreign currency fluctuations that accounted for about 1% of revenue headwind during the most recently accomplished quarter.
The gross profit margin in the first quarter of 2015 was 38.8%, contrast with a gross profit margin of 39.1% in the first quarter of 2014. The primary drivers affecting gross profit margin on a year over year basis were annual customer price reductions, continued higher than predictable manufacturing costs related to new technology launches, and currency rate fluctuations, which were mostly offset by purchasing cost reductions and improvements in product mix.
Net income for the first quarter of 2015 was $77.2 million, up 13% contrast with net income of $68.6 million in the first quarter of 2014.
Earnings per diluted share in the first quarter of 2015 were $0.26, contrast with earnings per diluted share of $0.23 in the first quarter of 2014, which has been adjusted for the December 31, 2014 stock split, effected in the form of a 100% stock dividend.
Gentex Corporation designs, develops, manufactures, and markets automatic-dimming rearview mirrors and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry worldwide.
At the end of Thursday’s trade, Shares of KLA-Tencor Corporation (NASDAQ:KLAC), dwindled -0.75% to $59.85.
KLA-Tencor Corporation, declared operating results for its third quarter of fiscal year 2015, which ended on March 31, 2015, and stated GAAP net income of $132 million and GAAP earnings per diluted share of $0.81 on revenues of $738 million.
KLA-Tencor also declared a plan to reduce its global employee workforce by up to 10 percent to streamline its organization and business processes in response to changing customer requirements in its industry. The aim of this reduction is to enable continued innovation and direct KLA-Tencor’s resources toward its best opportunities. KLA-Tencor anticipates to substantially complete the employee reduction by the end of the first quarter of fiscal year 2016, but the timing of certain employee reductions may vary by country, based on local legal requirements.
KLA-Tencor Corporation designs, manufactures, and markets process control and yield administration solutions worldwide. It provides chip manufacturing products, counting front-end defect inspection, back-end defect inspection, defect review, metrology, and in-situ process monitoring products, in addition to lithography modeling software.
Finally, BankUnited, Inc. (NYSE:BKU), ended its last trade with -0.74% loss, and closed at $33.39.
BankUnited, declared financial results for the quarter ended March 31, 2015.
For the quarter ended March 31, 2015, the Company stated net income of $46.5 million, or $0.44 per diluted share, generating a return on average stockholders’ equity of 9.02% and a return on average assets of 0.96%. The Company stated net income of $55.3 million, or $0.53 per diluted share, for the quarter ended March 31, 2014.
Performance Highlights
- In March, 2015, the Company reached a contract with CertusHoldings, Inc. to acquire Certus’ Small Business Finance Unit.
- New loans and leases, counting equipment under operating lease, grew by $943 million during the first quarter of 2015.
- Total deposits raised by $749 million for the quarter ended March 31, 2015 to $14.3 billion.
- Net interest income raised by $6.3 million to $172.7 million for the quarter ended March 31, 2015 from $166.5 million for the quarter ended March 31, 2014. Interest income raised by $11.3 million primarily as a result of an enhance in the average balance of loans outstanding. Interest expense raised by $5.1 million due primarily to an enhance in average interest bearing liabilities.
- The net interest margin, calculated on a tax-equivalent basis, was 4.02% for the quarter ended March 31, 2015 contrast to 5.05% for the quarter ended March 31, 2014 and 4.26% for the right away preceding quarter ended December 31, 2014. The net interest margin continues to be influenced by the origination of new loans at current market yields lower than those on loans attained in the FSB Acquisition.
- Book value and tangible book value per common share grew to $20.46 and $19.80, respectively, at March 31, 2015.
BankUnited, Inc. operates as the bank holding company for BankUnited, National Association that provides a range of banking products services to commercial and middle-market businesses, and individual customers in the United States.
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