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Walmart To Open Q3 Books And Offer A Look-See On Key Holiday Shopping Season
Wednesday, November 13, 2019 - 10:06am | 1206In the battleground for the consumer that Amazon.com, Inc. (NASDAQ: AMZN) helped create over the last two decades, Walmart Inc (NYSE: WMT) has been fighting toothbrush and nail to keep a competitive edge. Despite AMZN’s heavy artillery in the e-commerce skirmishes, WMT has figured...
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Deutsche Post Posts Mid Single-Digit Revenue Gains In Quarter, With Express Division Leading Way
Tuesday, November 12, 2019 - 11:24am | 414German logistics and mail giant Deutsche Post DHL Group (OTCMKTS: DPSGY) reported a 4.7% year-on-year increase in third-quarter revenue on November 12, boosted by gains in its intra-German parcel and its international air express businesses. Operating profit, measured as earnings before interest...
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Tuesday's Market Minute: The Greenest Week Of Earnings
Tuesday, November 12, 2019 - 10:41am | 462Cronos Group Inc (NASDAQ: CRON) shares are moving in premarket trading after reporting profitable earnings that missed Wall Street revenue estimates. It’s the greenest week of earnings: after CRON, a slew of marijuana companies report quarterly results, including Tilray Inc (NASDAQ...
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Sinotrans Delivers Scary Halloween Third Quarter Results… Or Does It?
Friday, November 8, 2019 - 10:10am | 1022All may not necessarily be as it may first seem in the world of company earnings. Logistics company Sinotrans (HKEX: 598) may not have delivered a Halloween shocker even though its third quarter results were splattered in red ink all over its income statement. One long-short equities analyst was...
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Americold Posts Double-Digit Across-The-Board Gains In Quarter
Friday, November 8, 2019 - 9:51am | 417Americold Realty Trust (NYSE: COLD), a large real estate investment trust (REIT) that develops, owns and operates temperature-controlled warehouses for food products, reported somewhat mixed third-quarter results late Thursday, with revenue beating analysts' estimates by $13.54 million and funds...
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More Efficient Freighters To Help Lufthansa After Soft Q3 Earnings
Friday, November 8, 2019 - 9:48am | 585Operating profit for Lufthansa Group dipped slightly in the third quarter from a year ago in the face of higher fuel costs and subpar performance at Austrian Airlines, Brussels Airlines and Lufthansa Cargo, which also announced plans Thursday to purchase two more Boeing 777 freighters. Lufthansa...
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Third-Quarter Net Profit Falls For Genesee & Wyoming
Thursday, November 7, 2019 - 12:41pm | 521Net profit for shortline operator Genesee & Wyoming (G&W) slipped in the third quarter amid lower revenues and rail volumes. Third-quarter net income attributable to G&W totaled $66.8 million, or $1.16/diluted share, compared with $69.6 million, or $1.16/diluted share, in the third...
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Amazon Air Carrier ATSG Posts Higher Q3 Earnings
Thursday, November 7, 2019 - 10:16am | 714Air Transport Services Group (NASDAQ: ATSG) reported a 219% increase in third-quarter operating profit of $105 million. The outsourced provider of air cargo services for Amazon.com's Prime network and other customers generated $366 million in revenue, up 79% from the same period in 2018. The gains...
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FLEETCOR Reports Increases In Fuel And Toll Revenue
Thursday, November 7, 2019 - 10:07am | 482FLEETCOR Technologies, Inc. (NYSE: FLT), a fuel card and business payments provider, announced third quarter 2019 adjusted earnings per share (EPS) of $3.10, 16% higher year-over-year and a nickel better than the consensus estimate. Total net revenue in the third quarter of 2019 increased 10% year...
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Titanium Transportation Has Weaker Third-Quarter Results, Remains Profitable
Wednesday, November 6, 2019 - 9:50am | 496Canadian cross-border transportation and logistics company Titanium Transportation Group (TSXV: TTR) reported third-quarter 2019 net income of C$300,000 (a Canadian dollar equals US$0.76), roughly one-third of the level it produced in the same period of 2018. Revenue in its truck division declined...
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TRATON Group Warns Of Intensifying Trucking Slump Despite Higher Q3 Results
Monday, November 4, 2019 - 2:17pm | 572Truck maker TRATON Group SE (8TRA.DE) reported higher revenue and profit for the first nine months of the year, but warned of a tougher 2020 with an accelerating slump in orders and global economic uncertainty. "Crises and conflicts are all over the place," TRATON CEO Andreas Renschler told...
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E-commerce Drives 3Q Gains At Canada's Cargojet
Monday, November 4, 2019 - 12:28pm | 360Canadian overnight air cargo provider Cargojet [TSE: CGJTF] increased its third-quarter adjusted pretax earnings by 24% to $39.1 million compared to the same period in 2018, consistent with the nine-month growth rate. Revenues, excluding fuel surcharges, increased 2.4% to $85.4 million, powered by...
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ArcBest Posts Weak Third-Quarter Results As Down Demand, High Costs Weigh
Friday, November 1, 2019 - 1:39pm | 647Trucking and logistics provider ArcBest Corp. (NASDAQ: ARCB) reported late on October 31 lower third-quarter revenue, shipments and tonnage over strong year-earlier numbers. The company's year-over-year weakness continued into October with 7% to 9% year-over-year declines in revenue, shipment and...
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YRC Third-Quarter Results Show Tale Of Two Units; National Holds Own While Regionals Suffer
Thursday, October 31, 2019 - 12:42pm | 511Less than truckload (LTL) carrier YRC Worldwide, Inc. (NASDAQ: YRCW) posted October 31 a 48 cents per share third quarter net loss, most of which came from an $11.2 million loss associated with the mid-September refinancing of a $600 million term loan. Backing out the 34 cents per share net loss...
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BorgWarner Reports Lower Q3 Earnings On Slightly Higher Sales
Thursday, October 31, 2019 - 10:52am | 473BorgWarner Inc. (NYSE: BWA), a provider of technology solutions for combustion, hybrid and electric vehicles, reported lower third-quarter earnings on slightly higher sales. Foreign currency exchange losses because of a strong U.S. dollar, a higher tax rate and lower equity in affiliates' earnings...