12:00 PM New York – D.R. Horton first-quarter net surged 11% to $158 million. Halliburton fourth-quarter net swung to a loss of $28 million. Kimberly Clark fourth-quarter net swung to profit $333 million. McDonald's fourth-quarter net jumped 10% to $1.2 billion.
Tollbooth Index slipped 73.37 or 0.7% to 10,095.44.
D.R. Horton, Inc
) plunged 5.4% or $1.50 to $26.21 after the homebuilder said revenues in the first-quarter ending in December jumped 5% from a year ago to $2.4 billion.
Net income in the quarter surged 11% to $157.7 million or 42 cents per diluted share compared to $142.5million or 39 cents per share from the same quarter last year.
) fell 24 cents to $29.94 after the oil and natural gas services provider reported revenues in the fourth-quarter ending in December tumbled 42% from a year ago to $5.1 billion.
Net in the quarter swung to a loss of $28 million or 3 cents per diluted share compared to profit of $901 million or $1.06 per share from the same quarter last year.
Illinois Tool Works Inc
) decreased 1% or 84 cents to $81.33 after the industrial equipment maker agreed to acquire engineering fasteners and components unit from ZF TRW for about $450 million.
The transaction is expected to close in the first-half of 2016.
Johnson Controls Inc
) slipped 2.1% or 74 cents to $34.84 after the automobile batteries maker and Tyco International Plc agreed to merge and the headquarters of the combined entity will be in Ireland.
The combined company estimates to save $150 million per year in taxes.
Kimberly Clark Corp
) declined 3.4% or $4.38 to $122.29 after the sanitary products maker said net sales in the fourth-quarter ending in December plunged 6% from a year ago to $4.54 billion.
Net in the quarter swung to profit $333 million or 91 cents per diluted share compared to a loss of $83million or 22 cents per share from the same quarter last year.
) jumped 2.4% or $2.81 to $121.16 after the fast food restaurants operator reported total revenues in the fourth-quarter ending in December dropped 4% from a year ago to $6.34 billion.
Global comparable sales in the quarter increased 5%
Net income in the quarter soared 10% to $1.21 billion or $1.31 per diluted share compared to $1.10 billion or $1.13 per share from the same quarter last year.
Western Digital Corp
) slumped 3.7% or $1.62 to $43.13 after the data storage solution provider signed an agreement for patent cross-license agreement to acquired more than 100 patent assets from International Business Machines Corp.
Terms of the transaction were not disclosed.