— J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) reported Q4 2019 earnings of $1.35 per share, vs. $1.50 expected. — Revenues grew 6% to $2.45 billion, vs. $2.46 billion expected. — Intermodal segment revenue remained flat year-over-year at $1.27 billion. — Dedicated Contract Services (DCS) segment revenue grew 20% to $717 million. — Integrated Capacity…
Oil and gas company Schlumberger Limited (NYSE: SLB) reported an increase in fourth-quarter adjusted earnings as revenues rose modestly. The results came in above the market’s prediction and the company’s stock gained early Friday, following the announcement. At $8.2 billion, fourth-quarter revenues were up 1% from the year-ago period. The top-line also exceeded expectations. Revenues…
Fastenal Company (NASDAQ: FAST) reported a 6% increase in earnings for the fourth quarter of 2019 helped by higher sales. The bottom line came in line with the analysts’ expectations while the top line missed consensus estimates. Net income increased by 6% to $178.7 million or $0.31 per share. Net sales grew by 3.7% to…
— Regions Financial Corporation (NYSE: RF) reported Q4 2019 earnings of $0.38 per share, vs. $0.39 expected. — Revenues grew 2.8% to $1.48 billion, vs. $1.48 billion expected. — Net interest income and other financing income on a taxable equivalent basis was $931 million. — Non-interest income rose 16.8% year-over-year to $562 million. — Net…
— CSX Corporation (NASDAQ: CSX) reported its fourth-quarter 2019 earnings of $0.99 per share versus $0.97 per share expected. — Revenue fell by 8% to $2.89 billion versus $2.92 billion expected. This was due to lower volumes and negative mix from coal market headwinds. — Expenses decreased by 9% year-over-year to $1.73 billion, driven by…
PetMed Express Inc. (NASDAQ: PETS) is slated to report its third-quarter 2020 earnings results on Tuesday, January 21, before the market opens. The pet pharmacy operator’s results are likely to be pressurized by lower prices arising from the stiff competition in the market. The stock remained on the positive momentum as it has risen over…
Target Corporation (NYSE: TGT) lost significant market value this week after the department store chain reported weak holiday sales and lowered its outlook, spurring a stock selloff. While there are concerns about its future, the stock is likely to recover from the temporary slump and get back on track before the next earnings report, which…
– Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) reported earnings of NT$4.47 per share, or US$0.73 per ADR, for the fourth quarter of 2019, vs. US$0.71 per ADR expected. – Net income increased 16% year-over-year to NT$116.04 billion from NT$100 billion last year – Net sales advanced 10% to NT$317.24 billion, or US$10.39 billion, from NT$289.77…
Charles Schwab Corporation (NYSE: SCHW) reported a 9% decline in earnings for the fourth quarter of 2019 due to lower revenue. The bottom line missed analysts’ expectations while the top line exceeded consensus estimates. Net income decreased by 9% to $852 million or $0.62 per share. Revenue declined by 2% to $2.61 billion. Analysts had…
Earnings of Morgan Stanley (NYSE: MS) rose sharply in the fourth quarter and exceeded the market’s forecast, helped by a double-digit increase in revenues. The company’s stock gained during Thursday’s premarket trading session, soon after the announcement. Fourth-quarter earnings, on an adjusted basis, moved up to $1.20 per share from $0.73 per share in the…