11:50 AM New York – Fastenal net rose 3% but sales climbed 9%. JPMorgan net plunged 19%. Pier 1 profit tumbled 31% after sales declined 6.5%. Shaw Communications net soared 22%. Wells Fargo net climbed 14% and revenue declined 8%.
) slipped 1.7% or 81 cents to $49.98 after the industrial machinery supplier said net sales in the first-quarter ending in March climbed 8.7% to $876.5 million.
Net earnings in the quarter increased 2.6% to $111.9 million or 38 cents a diluted share compared to $109 million or 37 cents.
JPMorgan Chase & Co
) declined 3.1% or $1.78 to $55.62 after the investment company reported total net revenue in the first-quarter ending in March declined 8% to $23 billion.
Net income in the quarter plunged 19% to $5.27 billion or $1.28 a diluted share compared to $6.53 million or $1.59.
The company said fixed income trading revenues declined 21% to $3.8 billion from $4.75 billion a year earlier on weaker performance across most products and lower levels of client activity compared to a stronger prior year.
Markets & Investor Services revenue plummeted 18% to $5.9 billion.
Pier 1 Imports Inc
) rose 6 cents to $18.26 after the home furnishings and gifts retailer stated total sales in the fourth-quarter ending on March 1 declined 6.5% to $515.8 million. Comparable store sales in the quarter dropped 4.6%.
Net income in the quarter tumbled 30.9% to $42.6 million or 41 cents a diluted share compared to $61.7 million or 58 cents.
Shaw Communications Inc
) fell 2% or 49 cents to $23.85 after the Canada-based broadcasting company said revenue in the second-quarter ending in February rose 2% to $1.27 billion.
Net income in the quarter soared 22% to $222 million or 46 cents a diluted share compared to $182 million or 38 cents.
Wells Fargo & Co
) gained 26 cents to $47.97 after the investment bank reported revenue in the first-quarter ending in March declined 8% to $20.6 billion.
Net income in the quarter climbed 14% to $5.9 billion or $1.05 a diluted share compared to $5.2 million or 92 cents.
For the quarter ended, the bank said core deposits jumped 6% to $994.2 billion and core loans climbed 6% to $748.4 billion.
Wells Fargo added non-performing assets in the quarter declined 18% to $4.1billion.