Navistar posts loss but beats estimate, remains optimistic
By Richard Foster-Shelton Medill Reports Navistar International Corp. (NYSE:NAV) based in Lisle, Ill., reported an exacerbated net loss but beat analysts’ expectations, for its first quarter ended Jan. 31. The company reported a net loss of $73 million, or 74 cents per diluted share, compared with a loss of $62 million, or 76 cents per […]
Sealed Air Corp., maker of Bubble Wrap, shows earnings pop
By Steven Porter Sealed Air Corp. shares surged Wednesday after the Bubble Wrap manufacturer turned in far-better-than-expected fourth-quarter earnings. The company, which also manufactures Cryovac food packaging products as well as Diversey cleaning supplies, reported net income of $123.5 million or 62 cents per diluted share, up from $66.3 million or 31 cents per diluted […]
Exelon turns in lower than expected profit, plans to increase dividend
By Kaitlin Schuler Exelon Corp., hurt by weak energy prices and unfavorable weather in its service areas, reported fourth quarter profits that fell short of forecasts Wednesday. But the company’s shares nonetheless moved higher, after Exelon hinted that it is planning to begin boosting its quarterly dividend payout. In New York Stock Exchange trading, Exelon […]
Lower jet-fuel costs mean higher profits for Southwest Air, United
By Xiumei Dong United Continental Holdings, Inc. and Southwest Airlines Co. both reported big fourth quarter earnings jumps Thursday, as the two carriers continue to benefit from falling oil prices. In the latest quarter, Southwest’s net income climbed to $536 million, or 82 cents per diluted share, from the $190 million, or 28 cents per […]
Verizon Exceeds Q4 Expectations
By Ashesha Mehrotra Verizon Communications Inc. reported higher-than-expected fourth quarter earnings Thursday, bolstered by an addition of 1.5 million wireless retail postpaid users and hefty tax benefits. The company swung to a profit of $5.51 billion, or $1.32 per diluted common share, from a loss of $2.14 billion, or 54 cents per share, the year-ago quarter. Shares […]
