On Thursday, Ameriprise Financial, Inc. (NYSE:AMP)’s shares declined -3.38% to $127.17.
Ameriprise Financial, Inc. (AMP) stated first quarter 2015 net income (1) of $393 million, or $2.08 per diluted share. Operating earnings were $412 million, up 1 percent from a year ago, with operating earnings per diluted share increasing 7 percent to $2.18. First quarter 2015 results comprised of a $0.11 per diluted share unfavorable impact of a long term care reserve enhance.
Operating net revenues raised 3 percent to $2.9 billion as business growth was partially offset by the negative impact of foreign exchange, a decline in net investment income and lower activity due to market volatility.
Ameriprise Financial, Inc., through its auxiliaries, provides various financial products and services to individual and institutional clients in the United States and internationally. The company’s Advice & Wealth Administration segment provides financial planning and advice, in addition to full-service brokerage services primarily to retail clients through its advisors.
D.R. Horton, Inc. (NYSE:DHI)’s shares dropped -3.26% to $26.15.
D.R. Horton, Inc. (DHI) following the release of data from the Commerce Department that showed new home sales for March fell by its biggest percent decline since July 2013.
March 2015 new single family houses were at a seasonally adjusted annual rate of 481,000 units, an 11% drop from February 2015. Economists polled by Reuters had forecast new home sales falling only to a 513,000 unit rate last month.
On Wednesday data showed that existing home sales for March were at an 18 month high.
Additionally, yesterday D.R. Horton stated its 2015 first quarter earnings results, which came in above analysts’ expectations with net earnings of 40 cents per share and revenue of $2.34 billion.
D.R. Horton, Inc. operates as a homebuilding company. It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 79 markets in the United States under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, and Crown Communities.
At the end of Thursday’s trade, Knight Transportation (NYSE:KNX)‘s shares dipped -3.16% to $31.59.
Knight Transportation (KNX) stated revenue and net income for the first quarter ended March 31, 2015.
Dave Jackson, President and Chief Executive Officer stated that they are happy with their performance in the first quarter as they continued to grow their merged revenue and improve their margins. During the quarter, truckload capacity remained constrained while demand continued to be solid. Both their trucking and logistics segments practiced profitable growth, as these businesses continue to complement one another and create value for their customers. Their trucking segment grew revenue, not taking into account fuel surcharge, 25.0% as a result of adding capacity through acquisition, growing organically, and improving contract rates. This segment also expanded margins 280 basis points and operated with a 79.2% operating ratio. This represents the fourth successive quarter with an operating ratio below 80%. Their logistics segment grew revenue 25.7%, as they continue to expand their partner carrier base and identify opportunities to provide their customers with additional capacity. They expect growth to continue in both the trucking and logistics segments of their business as they expand their capacity and pursue acquisition opportunities.
Knight Transportation, Inc., together with its auxiliaries, operates as a short-to-medium haul truckload carrier of general commodities primarily in the United States. It operates through two segments, Trucking and Logistics. The Trucking segment offers truckload carrier dry van, temperature-controlled (refrigerated), and drayage services between ocean ports, rail ramps, and shipping docks.
3M Co (NYSE:MMM), ended its Thursday’s trading session with -3.04% loss, and closed at $159.66.
3M Co (MMM) stated first-quarter earnings of $1.85 per share, an enhance of 3.4 percent as compared to the first quarter of 2014. Sales declined 3.2 percent year-on-year to $7.6 billion. Organic local-currency sales grew 3.3 percent and foreign currency translation reduced sales by 6.5 percent year-on-year.
Operating income was $1.7 billion and operating income margins for the quarter were 22.8 percent, up 0.9 percentage point’s year-on-year. First-quarter net income was $1.2 billion and the company converted 66 percent of net income to free cash flow.
3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.
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