On Monday, Shares of Hancock Holding Company (NASDAQ:HBHC), dropped -2.18% to $28.30.
Hancock Holding Company’s President & CEO John M. Hairston, CFO Michael M. Achary and Chief Credit Risk Officer Samuel B. Kendricks will address analysts and investors attending the Gulf South Bank Conference in New Orleans, on Monday, May 4, 2015 starting at 8:30 a.m. Central Time.
Interested parties may access a live listen-only webcast of the presentation (which will be structured in a moderated fireside chat format) through the Investor Relations section of Hancock’s website at www.hancockbank.com. A replay of the presentation will be accessible for 60 days following the conference.
Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company offers various deposit products, counting noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.
Shares of Rock-Tenn Company (NYSE:RKT), declined -2.14% to $59.94, during its last trading session.
Rock-Tenn Company, stated that its Board of Directors declared a dividend of $0.320525 per share on its Class A Common Stock. The dividend will be paid to shareholders of record as of the close of business on May 7, 2015 and which will be paid on May 26, 2015.
Rock-Tenn Company manufactures and sells containerboard and paperboard products in the Unites States, Canada, Mexico, Chile, Argentina, and Puerto Rico. The company operates through four segments: Corrugated Packaging, Consumer Packaging, Merchandising Displays, and Recycling.
At the end of Monday’s trade, Shares of Navient Corporation (NASDAQ:NAVI), dwindled -2.12% to $19.85.
Navient Corporation, released first-quarter 2015 financial results that comprise $830 million of student loan purchases, $300 million of common share repurchases, and the acquisition of a new asset recovery and business process outsourcing firm focused on state and local public sector markets.
For the first-quarter 2015, GAAP net income was $292 million ($0.72 diluted earnings per share), contrast with $219 million ($0.49 diluted earnings per share) for the year-ago quarter.
Core earnings for the quarter were $194 million ($0.48 diluted earnings per share), contrast with $142 million ($0.33 diluted earnings per share) for the year-ago quarter. Not taking into account expenses associated with regulatory matters, first-quarter 2015 and 2014 diluted core earnings per share were $0.48 and $0.49, respectively.
Navient reports core earnings because administration makes its financial decisions based on such measures. The changes in GAAP net income are influenced by the same core earnings items talk abouted below, in addition to changes in net income attributable to (1) the financial results attributable to the operations of the consumer banking business preceding to the April 30, 2014 spin-off of Navient from SLM Corporation, and related restructuring and reorganization expense incurred in connection with the spin-off, (2) unrealized, mark-to-market gains/losses on derivatives and (3) goodwill and attained intangible asset amortization and impairment. These items are recognized in GAAP but have not been comprised of in core earnings results. First-quarter 2015 GAAP results comprised of gains of $166 million from derivative accounting treatment that are excluded from core earnings results, contrast with gains of $99 million in the year-ago period.
Navient Corporation provides financial products and services in the United States. The company operates in four segments: FFELP Loans, Private Education Loans, Business Services, and Other.
Finally, Thermo Fisher Scientific, Inc. (NYSE:TMO), ended its last trade with -2.12% loss, and closed at $127.27.
Thermo Fisher Scientific, stated its financial results for the first quarter of 2015, ended March 28, 2015.
First Quarter 2015 Highlights
- Grew adjusted earnings per share (EPS) by 7% to $1.63.
- Raised revenue to $3.92 billion.
- Expanded adjusted operating margin by 60 basis points to 21.9%.
- Strengthened technology leadership with a number of new products, highlighted by the Gemini handheld chemical analyzer, Q Exactive Focus mass spectrometer and the latest release of Sample Manager LIMS all launched at Pittcon, in addition to the new PDM3700 personal coal dust monitor, TSX ultralow-temperature freezer and the Ion Torrent AmpliSeq RNA Fusion panel.
- Expanded commercial capabilities to better penetrate analytical instrument markets in Asia by acquiring two channel partners covering Singapore, Malaysia and South Korea.
- Attained Advanced Scientifics, Inc. (ASI) for $300 million, adding complementary single-use systems and bioprocess equipment to provide customers with greater flexibility in vaccine and biotherapeutic drug production.
- Accomplished $500 million of share repurchases in January.
Thermo Fisher Scientific Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacturing, analysis, discovery, and diagnostics worldwide.
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