10:45 AM New York – AEP Ind fourth-quarter net plunged 54% to $11 million. Bank of America fourth-quarter net surged to $3.44 billion. Fastenal fourth-quarter net rose 0.5% to $99 million. Linear Technology second-quarter net surged 18% to $105 million. WNS Holdings third-quarter net doubled to $12.2 million.
), the plastic packaging films maker said revenue in the fourth-quarter ending in December slid 0.8% to $1.14 billion.
Net income in the quarter plunged 53.9% to $10.7 million or $1.92 per diluted share compared to $23.2 million or $4.16.
Bank of America Corporation
) the bank reported net revenue in the fourth-quarter ending in December jumped 15% to $21.7 billion.
Net income in the quarter surged to $3.44 billion or 29 cents per diluted share compared to $732 million or 3 cents.
For the year, revenue climbed 7% to $89.8 billion and net income soared to $11.4 billion or 90 cents per diluted share from $4.2 billion or 25 cents per diluted share
The bank added consolidated deposit balances jumped $14 billion to $1.12 trillion and loan balances climbed $20 billion to $928 billion.
Debit and consumer credit card spending increased 4% to $123 billion and commercial loan balances raised $42 billion to $396 billion.
Tier-1 common capital at the end of quarter increased to $145 billion, and capital ratio of 11.2%.
The bank said losses in its mortgage unit in the fourth-quarter fell to $1.1 billion from $3.7 billion in the same period a year ago. Bank released $1.2 billion from reserves to cover bad loans from $900 million a year earlier.
declined 5.8% or $2.79 to $45.42 after the construction material retailer said net sales in the fourth-quarter ending in December climbed 7.5% to $813.8 million.
Net earnings in the quarter rose 0.5% to $99.2 million compared to $98.7 million and diluted earnings per share were flat at 33 cents from a year ago.
Linear Technology Corporation
), the semiconductors maker said revenue in the second-quarter ending on December 29 soared 9.6% to $334.6 million.
Net income in the quarter surged 17.9% to $104.8 million or 44 cents per diluted share compared to $88.8 million or 38 cents.
WNS (Holdings) Limited
), the India focused outsourcing service provider stated revenue in the third-quarter ending in December advanced 5.8% to $127.1 million.
Profit for the quarter doubled to $12.2 million or 23 cents per diluted share compared to $6.1 million or 12 cents.