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Domino's Is Doing Just Fine Amid Bruising Delivery War
Friday, February 21, 2020 - 3:03pm | 824The stock of Domino's Pizza (NYSE: DPZ) broke out 25 percent on Thursday, hitting a record high with quite a dramatic style. The pizza chain has managed to beat fourth-quarter forecasts and hike its dividend despite a delivery war raging across the restaurant industry. Fourth Quarter...
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Magna Beats Expectations In Fourth Quarter, But Coronavirus Risks Loom
Friday, February 21, 2020 - 12:46pm | 338Magna International (NYSE: MGA) reported a better-than-expected fourth-quarter profit Friday despite headwinds from the General Motors Company (NYSE: GM) strike, but the company also warned of potential fallout from the coronavirus outbreak. Magna had net income of $440 million, or an adjusted $1....
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Atlas Air Offers Optimistic Outlook Despite 4Q Operating Loss
Friday, February 21, 2020 - 9:53am | 582Air cargo service provider Atlas Air Worldwide (NASDAQ: AAWW) said Thursday it took a $616 million fourth-quarter charge on its fleet of Boeing 747-400 freighters, which inflated earnings by lowering rent and depreciation expense and is expected to help boost future profits. The Purchase, New York...
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Allison Transmission Reports Weaker Q4 Across-The-Board Results
Thursday, February 20, 2020 - 12:29pm | 468Allison Transmission Holdings Inc. (NYSE: ALSN), reported lower sales and profits for the fourth quarter of 2019, mirroring the generally dour performance of other trucking industry suppliers. Allison, the largest global provider of commercial duty automatic transmissions, said fourth-quarter...
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HSBC Remains EU's Largest When It Comes to Assets But Will Get Smaller By 35,000 Jobs
Thursday, February 20, 2020 - 12:25pm | 758HSBC (NYSE: HSBC), Europe's largest bank in terms of assets, revealed a major reorganization decision that would decrease the total number of staff from 235,000 to around 200,000 in the next three years. This is a decrease of 15% in the workforce, and it is probably one of the deepest...
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Trinity Industries' Quarterly Profit Falls But Revenues Rise
Thursday, February 20, 2020 - 9:59am | 725Trinity Industries' (NYSE: TRN) net profit in the fourth quarter of 2019 fell amid higher expenses, although quarterly revenues grew nearly 16% year-over-year. Fourth-quarter net income attributable to Trinity Industries totaled $21.6 million, or diluted net income of 17 cents per share, compared...
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Hapag-Lloyd Full-Year Earnings Leap $384 Million
Thursday, February 20, 2020 - 9:53am | 559Hapag-Lloyd said Wednesday it had improved its year-over-year operating results by a whopping 80%. Hapag-Lloyd's earnings before interest and taxes (EBIT) for 2019 "significantly increased" to 811 million euros (US$908 million) from 444 million euros ($524 million) in 2018, according to...
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Air Canada Reports Solid Q4, But Stock Market Dissatisfied
Wednesday, February 19, 2020 - 4:37pm | 1150Air Canada's (TSX: AC) stock slid 2.64% on Feb. 18 due to fourth quarter results that fell below analysts' expectations. Reasons for lower results included a choppy implementation of a new passenger reservation system, higher stock-based compensation costs and the ongoing financial drag of the...
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Yandex Revenues Topped Estimates In Q4, But Earnings Are Lacking
Wednesday, February 19, 2020 - 11:05am | 856Yandex (NASDAQ: YNDX) is a company with a wide range of online services, such as internet search, ride-hailing, food delivery, and payments. 49% of Yandex's year-on-year growth belongs to the ride-hailing division, Yandex.Taxi, which covers activities like taxi, food delivery, and driverless...
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Freight Sales Boost Wabtec's Fourth-Quarter Profits
Tuesday, February 18, 2020 - 12:57pm | 508A significant increase in freight sales boosted the profits of Wabtec (NYSE: WAB), a rail equipment and locomotive manufacturer, in the fourth quarter of 2019. Fourth-quarter net income totaled $137 million, compared with $34.8 million in the fourth quarter of 2018. The results include revenue...
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Walmart Earnings Lower Than Expected As Holiday Sales Disappoint
Tuesday, February 18, 2020 - 11:48am | 604Walmart, Inc. (NYSE: WMT) blames softer holiday sales for its weaker than expected earnings for the fiscal fourth quarter, which ended Jan. 31. The largest retailer in the world reported adjusted earnings per share (EPS) of $1.38, 6 cents lower than analysts' expectations for the quarter. The...
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Weak Rates And Excess Capacity Wreak Havoc On Fourth-Quarter Transport Earnings
Monday, February 17, 2020 - 10:30am | 1086In the Chart of the Week, we take a look at fourth-quarter transportation earnings and dissect the underlying trends and takeaways. Overall, it was a rough quarter for nearly all transportation companies as the effects of continued excess capacity, an industrial recession, the trade war with China...
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Friday's Market Minute: Roku's Staggering 4Q Growth
Friday, February 14, 2020 - 10:18am | 368Roku Inc. (NASDAQ: ROKU) beat Wall Street’s revenue targets and posted a smaller-than-expected loss Thursday after the bell. Altogether, Roku beat on total active account expectations, quarterly revenue guidance, full-year revenue guidance, and full-year EPS guidance. The streaming video...
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Walmart Earnings Ahead: Eyes On Christmas Results, Future Of Grocery
Thursday, February 13, 2020 - 5:07pm | 1415Retail earnings have been trickling out in recent weeks but will begin flooding in soon, with Walmart Inc (NYSE: WMT) among the first big-box merchants to reveal, well, what’s in the box. Contrary to popular belief, Amazon.com, Inc. (NASDAQ: AMZN) isn't a bigger...
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Falling Used Truck Values Weigh On Ryder Earnings
Thursday, February 13, 2020 - 3:03pm | 483Ryder System Inc. (NYSE: R) reported solid financial and operating results for the fourth quarter of 2019, a quarter that was spoiled by a collapse in used truck prices and subsequently higher depreciation expenses in Ryder's Fleet Management Solutions, which leases trucks to carriers. Ryder...