Q3 results

Despite higher costs and "challenging conditions" for freight in North America, Wabtec (NYSE: WAB) posted a 5.2% increase in net profit in the third quarter as it took advantage of synergies related to its merger with GE Transportation earlier this year. Wabtec, a rail equipment and technology...

Halloween dawns with snow in the forecast across the Midwest and the Nationals claiming the World Series crown. There’s plenty of drama on Wall Street, too, with investors digesting two FAANG earnings and a Fed meeting. Payrolls loom Friday. More on Apple Inc. (NASDAQ: AAPL), Facebook,...

The market reached its hands into the communal candy bowl yesterday and pulled out a heaping handful of…what exactly? A better-than-expected first look at 3Q GDP was overshadowed by a hawkish Fed cut. Stocks were mostly unchanged when the 25bps cut to the fed funds range was announced and...

Wringing more revenue per rider helped drive record third quarter revenues for LYFT Inc, (NASDAQ: LYFT) but the company still recorded nearly double the net loss compared to the same period last year.   The ride-hailing conglomerate, whose fortunes have wobbled since it went public last spring,...

COSCO SHIPPING Holdings Co. Ltd. (HK:1919) reported operating profit of 1.57 billion yuan renminbi ($221 million) in the third quarter of 2019, more than double the 600 million yuan earned in the third quarter of 2018. Net profit amounted to 1.356 billion yuan in the third quarter of 2019, about...

Heartland Express, Inc. (NASDAQ: HTLD) reported third quarter earnings of $0.25 per share, in-line with the consensus estimate and $0.02 ahead of the prior year period. The North Liberty, Iowa-based truckload (TL) carrier reported a 2.2% year-over-year revenue decline in the quarter to $147.9...

Indiana-based Cummins Inc. (NYSE: CMI) reported third quarter total revenue of $5.77 billion,  a decrease of 3% from the same quarter in 2018.  North America revenues decreased by 6%, while international revenues declined 25%, officials said. The company, which designs and makes diesel engines...

XPO Logistics Inc. (NYSE: XPO) reported late Oct. 28 gains in third-quarter net income, operating income and adjusted diluted earnings per share despite year-on-year declines in revenue, a sign that technology-driven productivity gains offset continued weakness in macroeconomic activity, especially...

Kirby Corp. (NYSE: KEX) reported third-quarter results that beat consensus estimates as barge operations in the U.S. Midwest returned to normal after months of severe flooding. The Houston-based company narrowed its earnings guidance for 2019 as it expects a seasonally slow fourth quarter in...

U.S.-based low-cost carrier Southwest Airlines Co (NYSE: LUV) reported strong third-quarter financial performance, including record operating and unit revenues, solid margins and strong cash flows. That is despite an estimated $210 million reduction in operating income due to the continued...

On Thursday, Amazon.com, Inc. (NASDAQ: AMZN) reported its third quarter earnings. Although the company has slightly exceeded Wall Street estimates on revenue, it has missed the estimates on profit, causing its stock to drop as much as 8.6% after the earnings were announced. "Oh, how the...

Higher revenues for its rail manufacturing segment boosted rail equipment manufacturer Greenbrier's (NYSE: GBX) quarterly profits, the company reported on October 25. Greenbrier's fiscal fourth-quarter adjusted net profit was $43.3 million, or $1.31/diluted share, compared with fiscal third-...

Alaska Air Group (NYSE: ALK) has caught an updraft after initial turbulence digesting its 2016 acquisition of Virgin America, reporting third-quarter adjusted pre-tax profit margin of 18% – 3 percentage points higher than the same period a year ago. The strong performance was driven by 8% growth...

Universal Logistics Holdings Inc. (NASDAQ: ULH) blamed a trifecta of labor, litigation and a lackluster freight market for its weakened third quarter performance.  Missing revenue estimates by $12.11 million, Universal reported a net loss of $8.4 million, or $0.30 per share, on total operating...

Werner Enterprises Inc. (NASDAQ: WERN) reported net income of $39 million, or $0.56 per share, for the third quarter in 2019. The company's results marked an 18% decrease from $47.5 million for the same quarter a year ago. The Omaha, Nebraska-based company reported net income for the first nine...