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Norfolk Southern Says Operational Changes Key To Boosting 2019 Profits
Wednesday, July 24, 2019 - 5:52pm | 718Read More...Norfolk Southern (NYSE: NSC) expects continued operational changes will help boost profits and lower operating ratios in the second half of the year. Top21 and Clean Sheeting are two initiatives that arose out of NSC's version of precision scheduled railroading (PSR), an operating model that...
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Caterpillar Earnings Disappoint Due To Weaker China Sales And Higher Production Costs
Wednesday, July 24, 2019 - 4:37pm | 695Read More...Global equipment manufacturer Caterpillar Inc.'s(NYSE: CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in the Permian Basin for the declines. The Deerfield, Illinois-based company reported a 5.1 percent...
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Knight-Swift's Results In-Line With Recently Lowered Guidance
Wednesday, July 24, 2019 - 12:18pm | 760Read More...Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) reported second quarter 2019 adjusted earnings per share (EPS) of $0.58 compared to analysts' expectations of $0.57 and within its recently lowered guidance range of $0.57 to $0.58. Adjusted EPS were $0.02 higher year-over-year. On July 17,...
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Boeing Reports Significant Loss Due To Continued 737 MAX Fallout
Wednesday, July 24, 2019 - 11:14am | 1049Read More...Boeing Co (NYSE: BA) posted a core loss per share of $5.82 for the second quarter of 2019. Despite the substantial fall-out from two fatal 737 MAX crashes, analysts expected the company to stay positive and post earnings per share (EPS) of $1.96. The aerospace giant attributed the loss directly...
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Weak Boeing, Caterpillar Q2, Rate Pressure On Banks, All Weigh
Wednesday, July 24, 2019 - 10:36am | 2539Read More...Investors watching the Dow Jones Industrial Average ($DJI) might get a skewed picture today, as the $DJI could come under more pressure than other indices due to pressure from some of its main components. Weak earnings from Caterpillar Inc (NYSE: CAT) and Boeing Co (NYSE: BA)—along with...
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U.S. Next-Day Air Star Of The Show As UPS Posts Solid Second Quarter Results
Wednesday, July 24, 2019 - 10:13am | 437Read More...UPS Inc. (NYSE: UPS) reported Wednesday adjusted second quarter earnings per share of $1.96, three cents above analysts' median estimates, as solid results from its domestic U.S. and supply chain and freight segments offset a flat performance from its international business. Overall, revenue for...
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Tesla Gets Ready To Report After Upside Surprise On Q2 Vehicle Deliveries
Wednesday, July 24, 2019 - 9:38am | 1281Read More...Considering all the big news Tesla Inc (NASDAQ: TSLA) delivered over the last two weeks, its Q2 earnings report this afternoon might seem a bit anticlimactic. Arguably the biggest (and best) news of the quarter is already digested. The company reported better-than-expected car deliveries for...
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Manhattan Associates' Stock Jumps On Strong Earnings Report
Wednesday, July 24, 2019 - 9:31am | 756Read More...Supply chain solutions technology provider Manhattan Associates, Inc. (NASDAQ: MANH) reported adjusted second quarter earnings per share of $0.42 compared to analysts' expectations of $0.34 and the prior year period of $0.47. The earnings beat in the quarter led the company to modestly raise its...
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Canadian National Sees Higher Profit In The Second Quarter
Tuesday, July 23, 2019 - 5:18pm | 480Read More...Canadian National (NYSE: CNI) reported increases in net profit and revenue in the second quarter of 2019, with its acquisition of trucking and transportation provider TransX providing both higher revenue and costs. The company said its adjusted net profit was $1.25 billion in the second quarter,...
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U.S. Rail Headcount Falls In June
Tuesday, July 23, 2019 - 4:54pm | 639Read More...U.S. railroads had fewer employees on their payroll in June amid lower rail volumes overall and company decisions to trim workforce levels as part of changes to their operating models. The U.S. operations of the Class I railroads employed 141,360 employees in June, a 4 percent drop from employee...
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Social Media Earnings: Facebook And Twitter Prepare To Share
Tuesday, July 23, 2019 - 4:35pm | 1577Read More...Earnings are in full swing this week and technology investors who hold any of the nation's major social-media companies are likely preparing for a hectic few days. Facebook Inc. (NASDAQ: FB) and Twitter Inc (NYSE: TWTR), two platforms on which millions of investors and non-investors...
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PACCAR Sets Second-Quarter Revenue And Income Records
Tuesday, July 23, 2019 - 1:54pm | 891Read More...Global truck and engine maker PACCAR Inc. (NASDAQ: PCAR) set records for revenue and net income in the second quarter, but slightly missed Wall Street estimates for earnings per share. PACCAR, whose brands include Kenworth, Peterbilt and DAF trucks, reported net income of $619.7 million or $1.78...
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AT&T, Verizon Earnings On Tap With The 5G Era In Sight
Tuesday, July 23, 2019 - 10:36am | 1201Read More...With the next two weeks marking the heart of earnings season, investors keeping tabs on the telecom industry can look for reports from two major companies with diverging strategies – AT&T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ). VZ and T are the two largest wireless...
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Budget Deal, Earnings Strength From Lockheed, CocaCola, United Technologies Lift Spirits
Tuesday, July 23, 2019 - 10:11am | 2230Read More...One thing Wall Street arguably never wants is uncertainty about the U.S. government paying its bills and keeping the lights on in Washington. Some of that worry flickered out on news of a budget deal between the White House and congressional leadership, so that could be helpful as trading gets...
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737 MAX Top Of Mind As Boeing Q2 Nears, While F-35 In Focus For Lockheed
Monday, July 22, 2019 - 12:12pm | 1737Read More...It’s a tale of two planes this week as Boeing Co (NYSE: BA) and Lockheed Martin Corporation (NYSE: LMT) earnings line up on the runway. After months of grappling with 737 MAX troubles, Boeing (BA) doesn’t seem likely to get much of a lift from earnings season when it reports...
















