Fifth Third Shares Slid After Earnings (IVN, TOL, FITB, DD, DO, UNH)

Fifth Third Shares Slid After Earnings (IVN, TOL, FITB, DD, DO, UNH)

Fifth Third Bancorp (NASDAQ:FITB) declined 2.40% to $13.83. The Company posted first quarter profit of $421 million, or 45 cents a share, up from $88 million, or 10 cents a share, a year before. The earnings increased due to boost from the regional lender’s gains on the initial public offering of Vantiv Inc and an improved credit environment. Revenue rose 14% to $1.67 billion. Analysts were estimating the company to report 37 cents a share. Net interest income grew 2% to $903 million.

E I Du Pont De Nemours And Co (NYSE:DD) plunged 1.61% to $52.41 after the Company restated earnings guidance for fiscal 2012.The Company expects earnings to be in the range of $4.20 to $4.40 per share. However, analysts were expecting the Company to report earnings per share of $4.25 for fiscal 2012.

Diamond Offshore Drilling Inc (NYSE:DO) climbed up 2.62% to $67.87. The Company posted first quarter net income of $185.2 million or $1.33 per share versus $250.6 million or $1.80 per share in the prior year period. Revenue slipped 5% to $768.6 million.

The Company will pay a special dividend of 75 cents per share and a regular quarterly cash dividend of 12.5 cents per share.

UnitedHealth Group Inc (NYSE:UNH) surged up 2.88% to $58.97 following the Company reported first quarter results. Revenues increased 7% to $27.3 billion. Net earnings were $1.4 billion or $1.31 per share in the first quarter. The Company repurchased 18.5 million shares for $1 billion in the first quarter and paid $168 million in shareholder dividends.

Ivanhoe Mines Ltd (USA) (NYSE:IVN) slipped 4.77% to $12.99 after soaring over 11% in the prior session. One of the units of Ivanhoe Mines Ltd, Ivanhoe Australia Ltd will scale back work on its Mount Dore copper project to focus on other assets. Ivanhoe and Rio is currently aiming to complete a project-finance deal for Oyu Tolgoi by year-end and Rio has agreed to fully support a $3-$4 billion project-finance package from third-party lenders.

Toll Brothers Inc (NYSE:TOL) is up 0.21% to $23.38 after analyst at Susquehanna downgraded the stock from a “positive” rating to a “neutral.”