Nissan Braces for Pain as Weak Profits Force Restructuring
Nissan Motor Co. confirmed reports of a 90% drop in quarterly operating profit and a broader restructuring a day before posting results, underscoring the Japanese automaker’s struggle to get back on stable footing.
Coca-Cola Tops Profit Estimates as Global Drink Volumes Climb
Coca-Cola Co. shares surged to open at a record high July 23 after its latest earnings got another boost from drinks with less sugar, more than offsetting the company’s sluggish home market.
FedEx Reports Mixed Earnings Results, Says 2020 Will Be Transitional Year
FedEx Corp. said its net income fell to negative territory in the fiscal fourth quarter, blunted by costs at its divisions as well as reorganization after a buyout.
Stamps.com Craters Without Postal Service Partnership
Stamps.com plunged 48% in pre-market trading May 9, poised to drop to a five-year low, after the company slashed its profit outlook for the full year, fueling investor concerns about its ability to protect margins in the absence of a key partnership with the U.S. Postal Service.
Wabash Posts Record 1Q Revenue
Wabash National Corp. reported record first-quarter revenue, but net income slipped.
Fiat Chrysler Shares Rally as CEO Mike Manley Confirms Outlook After Profit Miss
Fiat Chrysler Automobiles NV shares rallied as investors shrugged off lower-than-expected first-quarter profit and focused on CEO Mike Manley’s confirmation of the carmaker’s 2019 earnings targets.
May 3, 2019Dana Posts Record Sales in First Quarter, but Net Income Dips
Dana Inc. reported record first-quarter sales for 2019, seeing a 5% increase to $2.16 billion, compared with $2.14 billion in the year-ago period, according to a company news release.
XPO Logistics Sets New Growth Targets After Setbacks in 2018
XPO Logistics reported lower profits and overall flat revenue in the first quarter of 2019, but the company’s CEO drew an optimistic picture of the business going forward with $1.1 billion in new business added so far this year and more than $4 billion in active bids in its sales pipeline.
Coca-Cola Jumps on Profit Beat as China Fuels Beverage Sales
Coca-Cola Co., locked in a renewed battle for global beverage sales with rival PepsiCo Inc., rose in early trading as its push beyond sugary drinks helped it beat on profit in the first quarter.
J.B. Hunt Earnings, Revenue Higher in 1Q, but Miss Wall Street Projections
J.B. Hunt Transport Services reported on April 15 a year-over-year bump of 7% in first-quarter revenue to $2.09 billion compared with $1.95 billion for the same period in 2018.