12:40 PM New York City, New York – BlackRock reported strong first-quarter results. Bed Bath & Beyond tumbled on weak outlook. Commerce Bancshares net jumped 7% on 9% increase in revenues. Delta Air Lines reported better-than-expected results despite higher costs. Rite Aid revenue missed estimates.

Tollbooth Index fell 33.75 or 0.2% to 14,678.57 and for the year-to-date edged down to 6.6% gain.

Earnings Review

BlackRock Inc (BLK) jumped 2.3% or $12.32 to $537.63 after the investment services provider reported revenues in the first-quarter ending in March soared 16% from a year ago to $3.6 billion.

Net income in the quarter surged 27% to $1.1 billion or $6.68 per diluted share from $859 million or $5.21 in the same quarter last year.

The investment manager said iShares exchange-traded funds attracted new inflow of $34.65 billion compared to $64.48 billion in a year ago period.

“In a challenging environment, BlackRock continued to perform well,” said chief executive officer Larry Fink.

Bank of the Ozarks (OZRK) advanced 3.4% or $1.56 to $47.59 after the banking services provider stated total interest income in the first-quarter ending in March jumped 14.2% from a year ago to $217.8 million.

Net income in the quarter soared 26.9% to $113.1 million or 88 cents per diluted share from $89.2 million or 73 cents in the same quarter last year.

The lender said total deposits in the quarter jumped 13.5% to $17.83 billion and total assets increased 15.1% to $22.04 billion and total loans soared 12.2% to $16.61 billion from a year ago period.

Bed Bath & Beyond Inc (BBBY) tumbled 19.3% or $4.16 to $17.34 after the home furnishings retailer reported revenues in the fourth-quarter ending in March jumped 5.7% from a year ago to $3.7 billion.

Net income in the quarter plunged 27.8% to $194 million or $1.41 per diluted share from $268.7 million or $1.84 in the same quarter last year.

Commerce Bancshares Inc (CBSH) increased 3.9% or $2.36 to $61.74 after the financial services provider said total interest income in the first-quarter ending in March advanced 8.6% from a year ago to $312.6 million.

Net income in the quarter jumped 7.2% to $98.7 million or 92 cents per diluted share from $92.1 million or 86 cents in the same quarter last year.

The regional bank said total assets in the quarter were $24.6 billion, total loans were $13.9 billion, and total deposits were $20.5 billion.

Delta Air Lines Inc (DAL) jumped 2.6% or $1.32 to $52.79 after the air transportation services provider reported revenues in the first-quarter ending in March jumped 8% from a year ago to $9.9 billion.

Net income in the quarter fell 2% to $547 million from $561 million and diluted earnings per share were flat at 77 cents compared to a year ago period.

Delta forecasted second-quarter earnings per share between $1.80 and $2 and pretax margin between 14% and 16% and total unit revenue increased between 3% and 5%.

Rite Aid Corporation (RAD) gained 4 cents to $1.68 after the retail drugstore chain said net revenues in the fourth-quarter ending in March declined 8.5% from a year ago to $5.4 billion.

Net in the quarter swung to profit $767.1 million or 73 cents per diluted share from a loss of $21.1 million or 2 cents in the same quarter last year.

Rite Aid forecasted fiscal 2019 sales between $21.7 billion and $22.1 billion and operating loss in the range of between $615 million and $675 million and net loss in the range of $40 million and $95 million.