FedEx Tops $20 Billion in Revenue for Third Straight Quarter
FedEx Corp. reported a surge in bottom-line results for its fiscal fourth quarter as e-commerce continued to fuel demand for the company’s services.
Nikola Misses Estimates, Details Additional SEC Inquiry
Nikola Corp. posted a narrower-than-expected loss for its latest quarter as the troubled electric-vehicle startup ramped up testing of its debut battery-electric Class 8 trucks and said securities regulators investigating the company issued an additional subpoena in March.
February Weather Takes Toll on Yellow’s Q1 Earnings
Yellow Corp. reported a revenue gain for the first quarter of 2021, but said weather-related issues during the period took a toll on its bottom line.
Uber Bookings Climb 24% on Strong Growth in Delivery
Uber Technologies Inc. reported a 24% increase in gross bookings in the first quarter, driven by continued growth in the delivery business.
Dana Posts Q1 Gains as End Markets Recover
Dana Inc. reported higher first-quarter net income and revenue and noted its once-shutdown end markets have recovered.
FedEx Rides E-Commerce to $21.5 Billion Third Quarter
The continued yearlong surge in e-commerce brought on by the COVID-19 pandemic sent FedEx’s year-over-year fiscal third-quarter net revenue up 23% to $21.5 billion, compared with $17.4 billion in the same period in 2020.
Daseke Net Income Climbs Despite Revenue Decline
Daseke Inc. saw its fourth-quarter results swing to a profit from a year-ago loss, even as revenue declined.
Tesla Disappoints Wall Street With First Results as a Blue Chip
Tesla Inc. reported lower-than-expected profit and record revenue, mixed results that disappointed investors used to razzle-dazzle — but more in tune with the S&P 500 heavyweight it has become.
Navistar Reports Fiscal Q4 Net Loss of $236 Million
Navistar International Corp. reported a net loss and lower revenue in its fiscal 2020 fourth quarter, citing tax-related items, the pandemic and charges on pre-existing warranties.
TA Net Income Soars to $8.6 Million in Q3
TravelCenters of America Inc. reported third quarter net income rose as revenue slipped.