Federal Signal shares hit hard as gloomy guidance spooks investors
By H. Will Racke Even though it surpassed fourth quarter earnings expectations, Federal Signal Corp. saw its shares nosedive Monday after the manufacturing company issued pessimistic guidance for its 2016 performance. The share price of the Oak Brook, Ill.-based maker of safety and environmental-services equipment dropped by 22 percent, closing the day at $11.86. Investors […]
T-Mobile profit nearly triples
By Lucia Maffei T-Mobile US, Inc., helped by continued acquisition of new customers, said fourth quarter earnings almost tripled, substantially exceeding analysts’ expectations. In the latest quarter, the Bellevue, Wash.-based national wireless carrier posted net income attributable to common stockholders of $283 million, or 34 cents a diluted share, up 180 percent from $101 million, […]
ITW profits hold steady despite demand slowdown
By H. Will Racke Illinois Tool Works Inc. managed to beat earnings expectations for the fourth quarter even as profits remained flat amid a challenging market for industrial goods. In the latest quarter, the Glenview, Ill.-based manufacturing conglomerate posted net income of $450 million, or $1.23 per diluted share, in a performance that was identical […]
