On Thursday, Freeport-McMoRan Inc (NYSE:FCX)’s shares declined -2.43% to $20.07.
Freeport-McMoRan Inc (FCX) declared that it has declared a cash dividend of $0.05 per share payable on May 1, 2015 to holders of record as of April 15, 2015 for its common stock.
FCX’s Board of Directors reduced the quarterly dividend from the previous rate of $0.3125 per share in response to the impact of lower commodity prices. FCX’s Board reviews its financial policy on an ongoing basis and has a long-standing practice of distributing cash to shareholders. The Board anticipates increasing cash returns to shareholders as market and business conditions warrant.
Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, in addition to oil and gas.
Masco Corporation (NYSE:MAS)’s shares dropped -2.42% to $26.20.
Masco Corporation (MAS) declared that it will hold a conference call regarding 2015 first quarter results on Tuesday, April 28, 2015 at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman.
Masco Corporation manufactures, distributes, and installs home improvement and building products worldwide. The company’s Cabinets and Related Products segment provides cabinetry for kitchen, bath, storage, home office, and home entertainment applications; and kitchen countertops, and integrated bathroom vanity and countertop solutions. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bathing units, and toilets; acrylic tub and shower systems, bath and shower enclosure units, shower trays, and laundry tubs, in addition to spas; and brass and copper plumbing system components, and other plumbing specialties.
At the end of Thursday’s trade, Fulton Financial Corp (NASDAQ:FULT)‘s shares dipped -2.40% to $12.20.
Fulton Financial Corp (FULT) Reports First Quarter Earnings of $0.22 per Share and Declares Approval for $50 Million Share Repurchase Program.
- Diluted earnings per share for the first quarter of 2015 was 22 cents, a 4.8 percent enhance from the fourth quarter of 2014 and unchanged from the first quarter of 2014.
- Net interest income for the first quarter of 2015 reduced $4.5 million, or 3.5 percent, contrast to the fourth quarter of 2014; the net interest margin reduced 4 basis points, to 3.27 percent.
- Average loans for the first quarter of 2015 raised $39.4 million, or 0.3 percent, contrast to the fourth quarter of 2014 and raised $333.2 million, or 2.6 percent, contrast to the first quarter of 2014.
Fulton Financial Corporation operates as a multi-bank financial holding company that provides a range of banking and financial services to businesses and consumers. It offers personal banking services that comprise various checking account and savings deposit products, certificates of deposit, and individual retirement accounts.
Hawaiian Holdings, Inc. (NASDAQ:HA), ended its Thursday’s trading session with -2.36% loss, and closed at $21.50.
Hawaiian Holdings, Inc. (HA) stated its financial results for the first quarter of 2015.
- GAAP net income of $25.9 million or $0.40 per diluted share.
- Adjusted net income, reflecting economic fuel expense and not taking into account loss on extinguishment of debt, of $24.7 million or $0.38 per diluted share, an enhance of $25.6 million or $0.40 cents per diluted share year-over-year.
- Adjusted pre-tax margin of 7.4% contrast to (0.2)% in the preceding year period.
- Unrestricted cash, cash equivalents and short-term investments of $488 million.
- Lowered leverage ratio to 3.6x.
Hawaiian Holdings, Inc., through its partner, Hawaiian Airlines, Inc., engages in the planned air transportation of passengers and cargo. It offers daily services on North America routes between the state of Hawaii and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington, in addition to daily services on its neighbor island routes among the four major islands of the state of Hawaii.
On Thursday, Union Pacific Corporation (NYSE:UNP)’s shares declined -2.36% to $108.12.
Union Pacific Corporation (UNP) disclosed 2015 first quarter net income of $1.2 billion, or $1.30 per diluted share, compared to $1.1 billion, or $1.19 per diluted share, in the first quarter 2014.
First Quarter Summary
Operating revenue of $5.6 billion was flat in the first quarter 2015 as compared to the first quarter 2014. First quarter business volumes, as measured by total revenue carloads, declined 2 percent contrast to 2014. Volume declines in coal, industrial products, intermodal and chemicals more than offset the growth in automotive and agricultural products. In addition:
- Quarterly freight revenue reduced 1 percent contrast to the first quarter 2014, as lower fuel surcharge revenue and the volume decline more than offset core pricing gains and positive business mix.
- Union Pacific’s 64.8 percent operating ratio was 2.3 points better than the first quarter 2014. The operating ratio benefited in the quarter about 3 points from lower fuel prices, counting the lag impact of fuel surcharge.
- The $1.95 per gallon average quarterly diesel fuel price in the first quarter 2015 was down 38 percent contrast to the first quarter 201
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States.
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