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It was a strong Tuesday for U.S. equities as analysts forecast a 17.3% first-quarter earnings entering into earnings season. The S&P 500 Index surged 1.1%, the Dow Jones Industrial Average gained 0.9% and the Nasdaq Composite was up 1.7% by day's end.
Several companies reported on their quarterly results late Tuesday, including Hancock Holding Company (NASDAQ: HBHC ), Interactive Brokers Group, Inc. (NASDAQ: IBKR ) and Lam Research Corporation (NASDAQ: LRCX ).
Here's how they did:
Hancock Holding Company (HBHC)
Hancock announced its latest quarterly results late Tuesday.
The company unveiled net income of $72.5 million for its first quarter, or 83 cents per common diluted share, topping the quarter-ago total of $55.4 million, or 64 cents per share. In the year-ago quarter, the company earned $49 million, or 57 cents per share.
Analysts were calling for earnings of 88 cents per share.
Hancock also posted revenue of $209.63 million, which was below the Wall Street consensus estimate for the quarter of $279.69 million.
The company's first quarter included $7 million in expenses linked with the sale of Harrison Finance Company, a pending Capital One trust and asset management transaction, a brand consolidation project and a one-time all-hands bonus.
HBHC stock was trading flat after the bell.
Interactive Brokers Group, Inc. (IBKR)
Interactive Brokers Group shares were higher on the company's latest results .
The company's earnings surged 85% compared to the year-ago quarter to 63 cents per share on an adjusted basis. The figure was well ahead of analysts' expectations of 56 cents per share, according to Zacks Investment Research .
Interactive Brokers Group also impressed on the revenue front as it brought in $527 million in sales, marking a 41% gain compared to the year-ago quarter. Wall Street was calling for revenue of $478 million, according to the Zacks consensus estimate.
In January, the company increased interest rates on margin loans above $3 million from 1.67% to 1.72%, with the purpose to check loan growth. Margin loans outstanding could surpass $30 billion.
IBKR stock surged 0.8% after hours Tuesday.
Lam Research Corporation (LRCX)
Lam Research also experienced growth in its latest quarterly report , but shares declined.
The company said that its bottom line for its first quarter of fiscal 2018 came in at $778.8 million, or $4.33 per share, topping the year-ago total of $574.7 million in net income, or $3.10 per share.
Lam Research posted adjusted earnings of $851.8 million, or $4.79 per share. Its revenue was strong at $2.89 billion, growing about 34.4% from the year-ago total of $2.15 billion.
For its second quarter of fiscal 2018, Lam Research predicts that earnings will come in at around $4.57 to $4.97 per share for a median earnings guidance of $4.77 per share. Revenue is slated to be between $2.85 billion and $3.15 billion.
LRCX fell about 6.9% after the bell Tuesday.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
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The post 3 Stocks to Watch on Wednesday: Hancock Holding Company (HBHC), Interactive Brokers Group, Inc. (IBKR) and Lam Research Corporation (LRCX) appeared first on InvestorPlace .