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 […]
NiSource Inc. misses Q4 expectations, pledges more infrastructure spending
By Hannah Levitt NiSource Inc.’s profit in the final three months of 2016 missed Wall Street’s expectations, but the natural gas and electric utility company said it would spend more on utility investments such as pipe and underground electric cable replacements in 2017. The Merrillville, Indiana-based company said net income in the fourth quarter rose 49 […]
Analysts recommend holding NiSource stock in 2017
By Hannah Levitt The majority of analysts surveyed by Bloomberg recommend holding NiSource Inc. stock in 2017, expecting a revenue increase to $4.6 billion from $4.52 billion expected in 2016 and a stock price increase to a 12-month target of $23.95 per share from Tuesday’s closing price of $22.25. Analysts expect steady growth due to […]
FedEx’s holiday-quarter operating profits top forecasts
By Sony Kassam FedEx Corp. turned in stronger-than-expected third quarter results, which the package-delivery giant said reflected higher-than-expected demand during the holiday season when shipments peak. In the quarter ended Feb. 29, the Memphis, Tennessee-based package-delivery giant said net income tumbled 19 percent to $507 million, or $1.84 per diluted share, from $628 million, or $2.18 […]
Hydraulics manufacturer Actuant feels profit pressure
By Steven Porter The strong U.S. dollar, soft energy market and weak demand are keeping hydraulic tools manufacturer Actuant Corp. under pressure. The company reported a net loss of $159.2 million, or $2.70 per diluted share, for second-quarter ended Feb. 29. That’s a much deeper deficit than the same period a year prior, when it […]
Vera Bradley shares climb on firming growth prospects
By Kaitlin Schuler Vera Bradley Inc. shares jumped Wednesday after the handbag and accessories retailer offered an upbeat forecast in its fourth quarter report. In the latest quarter, the Fort Wayne, Indiana-based company posted net income of $15.7 million or 41 cents per diluted share, down 9.4 percent from $17.3 million or 43 cents per […]
Mild winter chills Dick’s Sporting Goods earnings
By Steven Porter After a mild winter that bogged down fourth-quarter sales for Dick’s Sporting Goods Inc., the retailer turned in earnings Tuesday that were just shy of expectations. Net income was $129.0 million, or $1.13 per diluted share, for fourth-quarter ended Jan. 30, down 17 percent from $155.5 million, or $1.30 per share, the […]
AutoZone Inc. hits gas pedal on earnings journey
By Steven Porter AutoZone Inc., the leading retailer of replacement car parts, posted better-than-expected earnings Tuesday, reaping the benefit for higher profit margins on its merchandise. The company reported net earnings of $228.6 million, or $7.43 per diluted share, for the second quarter ended Feb. 13, an increase of 8 percent over the $211.7 million, […]
Home Depot sales climbed as U.S. housing recovers
By Xiumei Dong Home improvement retail giant Home Depot Inc., helped by the improving U.S. housing market and favorable weather conditions, reported stronger-than-expected fiscal fourth-quarter results Tuesday. For the quarter ended Jan. 30, Home Depot reported a net income of $1.47 billion, or $1.17 per diluted share, a 6.7 percent increase compared with net earnings […]
Stock decline doesn’t dissuade Hyatt analysts
By Xuanyan Ouyang Hyatt Hotels Corp. is facing headwinds under the influence of the recent market slide, but analysts are expressing optimism about the year ahead. The Chicago-based company, which owns, operates, manages, franchises and licenses hotels, resorts branded residences and vacation properties as well as provides hospitality services, has a portfolio of 627 properties […]
