$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.
$LII reiterated guidance for a weighted average diluted share count of 42-43MM shares on a full-year basis, including plans for $250MM of stock repurchases for 2017 in total. The company continues to expect another record year as it enter largest seasonal period.
$LII reiterated 2017 revenue growth outlook of 3-7%, with a minimal impact from foreign exchange, and adjusted EPS estimate of $7.55-8.15. $LII lifted 2017 EPS guidance to $7.65-8.25 from $7.55-8.15. $LII reiterated forecast for corporate expenses of about $85MM, adjusted effective tax rate of about 32%, and capital expenditures of about $100MM.
$LII reported a jump in 1Q17 earnings driven by higher revenue despite some weather headwind. Net income rose to $43.5MM or $1.00 per share from $24.9MM or $0.56 per share last year. Net sales grew to $793.4MM from $715.2MM. Adjusted EPS increased to $0.90 from $0.60.
$JNPR said NEP The Netherlands is using $JNPR’s high-performance
solutions to create the world's first IP multi-camera production platform for
TV. $JNPR’s QFX Series switching technology was chosen by NEP to deliver innovative
television services, including 4K video on demand, interactive split screen and
360-degree virtual reality.
$OPB's loan to deposit ratio decreased to 81% as of March 31, 2017, compared to 110% as of March 31, 2016. Federal Home Loan Bank advances decreased to $10MM in 1Q17, compared to $750MM in the year-over period.