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GM Q2 Volume Down, Cuts FY24 Earnings View; Stock Dips
Shares of General Motors Co. were losing more than 6 percent in the early morning trading on the NYSE after the automajor reported Tuesday weak sales volume in its second quarter, mainly in China, and trimmed its fiscal 2024 earnings forecast on a reported basis. However, the company raised its annual adjusted earnings view after reporting higher second-quarter earnings and revenues above market e
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Heartland Express Slips To Loss In Q2, But Tops Estimates
Heartland Express, Inc. (HTLD) reported Tuesday a net loss of $3.48 million or $0.04 per share for the second quarter, compared to net income of $7.77 million or $0.10 per share in the prior-year quarter.
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810 hari yang lalu
GATX Q2 Profit Declines, Misses Estimates; Reiterates FY24 EPS Outlook
Transportation assets lessor GATX Corp. (GATX) reported Tuesday that net income for the second quarter declined to $44.4 million or $1.21 per share from $63.3 million or $1.74 per share in the prior-year quarter.
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810 hari yang lalu
India Trims Fiscal Deficit Target, Rupee Hits Record Low On Capital Gains Tax Hike
Sticking to the commitment of fiscal consolidation, India's Finance Minister Nirmala Sitharaman unveiled a budget that aims to provide impetus to job creation, start-ups and small enterprises, while proposals for raising the tax rates on capital gains damped market sentiment and send the rupee to a record low. The government lowered the fiscal deficit target to 4.9 percent of GDP.
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810 hari yang lalu
Macquarie AirFinance Makes First Direct Order To Boeing For 20 737 MAX 8's
Boeing Co. (BA) and aircraft leasing and financing company Macquarie AirFinance announced Tuesday that the lessor has made its first direct order for Boeing airplanes. The purchase of 20 737 MAX 8's doubles Macquarie AirFinance's existing 737 MAX 8 order book, which it acquired from ALAFCO Aviation Lease and Finance Co. in 2023.
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810 hari yang lalu
Franklin Electric Q2 Results Miss Estimates; Cuts FY24 EPS Outlook
Franklin Electric Co., Inc. (FELE) reported Tuesday that net income attributable to the company for the second quarter edged down to $59.10 million or $1.26 per share from $59.60 million or $1.27 per share in the prior-year quarter.
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810 hari yang lalu
Webster Financial Q2 Adj. EPS Misses Estimates, But Revenues Top
Bank holding company Webster Financial Corp. (WBS) on Tuesday reported that second-quarter net income available to common shareholders declined to $177.47 million or $1.03 per share from $230.81 million or $1.32 per share in the prior-year quarter.
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810 hari yang lalu
Berita lainnya
Bay Street Likely To Open On Subdued Note
Canadian shares are likely to open on a somewhat subdued note Tuesday morning with investors awaiting fresh data for directional cues.
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810 hari yang lalu
Lockheed Martin Boosts FY24 Outlook - Update
While reporting financial results for the second quarter on Tuesday, security and aerospace company Lockheed Martin Corp. (LMT) raised its earnings and net sales guidance for the full-year 2024.
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810 hari yang lalu
First BanCorp Q2 Earnings Top Estimates
First BanCorp (FBP), the bank holding company for FirstBank Puerto Rico, on Tuesday reported that its second-quarter net income attributable to common shareholders increased to $75.84 million or $0.46 per share from $70.66 million or $0.39 per share in the year-ago period.
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810 hari yang lalu
GE Aerospace Q2 Results Top Estimates; Boosts FY24 Adj. EPS Outlook
GE Aerospace (GE), previously General Electric Co., reported Tuesday net income attributable to common shareowners for the second quarter of $1.27 billion or $1.15 per share, compared to a net loss of $25 million or $0.02 per share in the prior-year quarter.
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810 hari yang lalu
Wiz Reportedly Rejects $23 Bln Offer From Google, To Pursue IPO
Cybersecurity firm Wiz, which had been in advanced talks to be acquired by tech major Google's parent Alphabet Inc., walked away from the $23 billion offer, and now would pursue its original plan of an Initial public offering, reports said. Wiz co-founder and CEO Assaf Rappaport wrote in a memo that "Saying no to such humbling offers is tough, but with our exceptional team, I feel confident..."
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810 hari yang lalu
Sensex, Nifty End Marginally Lower After Volatile Trading
Indian shares ended little changed on Tuesday after falling sharply early in the day as Finance Minister Nirmala Sitharaman proposed to increase Securities Transaction Tax (STT) and long-term capital gains (LTCG) taxes in her Budget speech.
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810 hari yang lalu
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