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Ryder Beats Already-Strong Q2 Estimates, Could Be On Acquisition Hunt
Thursday, July 29, 2021 - 10:49am | 1033Ryder System (NYSE: R) was set to have a significantly better second quarter in 2021 than 2020 when it posted a big loss on the back of a drop in revenue because of COVID-19 and write-downs connected to the value of its used truck fleet. But the company blew away projections with a non-GAAP Q2...
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Shopify Crushes Earnings, Topping $1B In Revenue For First Time
Wednesday, July 28, 2021 - 10:48am | 816Total second-quarter revenue jumped 57% year-over-year for Shopify, signaling that there is no slowdown happening in the e-commerce space. The company said revenue was $1.12 billion and gross profits increased 64% to $627 million, compared to $381.4 million in Q2 2020. In fact, Shopify (NYSE: SHOP...
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Afternoon Face-To-Face with Facebook, Fed Chairman Powell, Next On Calendar
Wednesday, July 28, 2021 - 10:29am | 2358The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. There’s going to be a slight interruption in the earnings parade later today when the Fed concludes its meeting. The question...
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Tesla Delivers Another Earnings Spectacle With Record Net Income
Wednesday, July 28, 2021 - 10:07am | 618Tesla Inc (NASDAQ: TSLA) has officially kicked off a jam-packed week of second-quarter earnings reports from the biggest names on Wall Street. On Monday after the bell, the EV pioneer reported more than $1 billion in net income, tenfold from the same quarter a year ago. After beating top and bottom...
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Boeing Earnings Approach As Company Deals With New Snag Affecting 787 Planes
Monday, July 26, 2021 - 10:08am | 1756It may sound a bit harsh, but it feels like Boeing (NYSE: BA) just can’t get out of its own way. After resuming 737-MAX flights in the U.S. in late 2020 following a nearly two-year grounding, BA continues to have issues with its 787 planes. The 737-MAX return wasn’t perfect,...
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AAPL Expectations Are Once Again High After Tech Giant Wowed Investors In Last Two Quarters
Friday, July 23, 2021 - 12:19pm | 2063An old phrase on Wall Street goes, “The trend is your friend.” If that’s true, analysts are mostly counting on Apple (NASDAQ: AAPL) delivering another quarter of double-digit earnings growth when the Technology giant reports fiscal Q3 results next week. For those keeping...
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Alphabet Profitability Still Hidden In The Cloud As It Surges Past FAANG Toward Q2 Earnings
Thursday, July 22, 2021 - 4:18pm | 1407Alphabet (NASDAQ: GOOGL) arguably hit it out of the park last quarter when it reported earnings that left analysts’ estimates in the dust. Overall revenue came in strong at $55.3 billion, up 34% year over year, with each business segment topping expectations by a wide margin except for...
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Earnings Impress From AT&T, CSX, But Texas Instruments' Hurt By Guidance
Thursday, July 22, 2021 - 10:11am | 2299For the third straight morning, it’s earnings to the rescue. After Monday’s nosedive, stocks seem poised to rise again this morning based on pre-market gains as investors watch major companies exceed Wall Street’s expectations. AT&T (NYSE: T) became the latest...
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Volvo Group Posts Solid Q2 Results Despite Losing Month Of Production
Tuesday, July 20, 2021 - 4:45pm | 673Volvo Group lost about a month of truck production in Q2 because of the semiconductor shortage. But it still posted solid results as orders and deliveries soared compared with the pandemic-impacted year-ago quarter. Sweden-based Volvo (OTC: VLVLY) made no mention of a labor dispute at its Volvo...
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Kuehne + Nagel Hits Q2 Home Run Amid Supply Chain Uncertainty
Tuesday, July 20, 2021 - 4:18pm | 755Kuehne + Nagel (OTCMKTS: KHNGY), the second-largest logistics provider in the world, on Tuesday said a huge surge in air and ocean shipments propelled earnings to new highs in the second quarter. The company generated 605 million Swiss francs (CHF) ($623 million) in pre-tax income, more than...
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Heartland Express: Q2 In Line Despite Revenue Weakness
Monday, July 19, 2021 - 2:01pm | 691North Liberty, Iowa-based truckload carrier Heartland Express reported an 8.1% year-over-year decline in second-quarter revenue (excluding fuel) Monday. Earnings per share were in line with analysts' expectations at 26 cents. Even with the top-line weakness, Heartland Express (NASDAQ: HTLD)...
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Adobe Beats Q1 Targets, But Expects A Coronavirus-Caused Hit In Q2
Friday, March 13, 2020 - 10:27am | 735Adobe Inc. (NASDAQ: ADBE), the marketing software and digital media maker from San Jose, California, announced its first fiscal quarter results late Thursday. The company managed to beat Wall Street's targets, which is good news for the investors. On the other hand, the outlook does not look as...
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ZIM Turns A Profit In Second Quarter
Wednesday, August 21, 2019 - 1:40pm | 526ZIM Integrated Shipping Services reported a net profit in the second quarter of 2019 of $5.1 million, compared to a $33.2 million net loss in the second quarter of 2018. Eli Glickman, the president and chief executive officer of the Israel-based carrier, said, "ZIM's results for the first six...
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Earnings Season Keeps Rolling Along, With Home Depot, Kohl's On Front Burner
Tuesday, August 20, 2019 - 9:55am | 2147If you feel like celebrating after two sessions of big stock market gains, it might be better to keep the cake in the cupboard at least for now. While it’s tempting to say that the wicked witch of falling bond yields is dead, a lot of signs continue to indicate we might not be out of those...
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Getting To Know FreightWise, The Second-Fastest Growing Company In The US
Friday, August 16, 2019 - 3:51pm | 830\When the Inc. 5000 list of the fastest-growing companies in the United States was released earlier this week, transportation and logistics watchers should have been pleased, but not surprised, to see FreightWise near the top of the list at the number two spot. FreightWise, a software and services...