TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| FedEx Earnings Down, But Meet Expectations Zacks.com submits: FedEx Corporation's (FDX) first quarter results came at 58 cents per share, in-line with the Zacks Consensus Estimate. This was, however, down from $1.23 per diluted share reported in the year-ago quarter. Earnings overall were negatively affected by the global recession. Revenue slumped 20% to $8.01 billion, and operating margin fell to 3.9% from 6.3%. Revenue at the company's overnight-air business fell 23%, with earnings down 70%. The company’s earnings remain plagued by the global recession. Though management forecasted a gradual turnaround in global economy, for the fiscal year it expects earnings to remain subdued, compared to the previous-year level.Complete Story » seekingalpha.com |
Boeing's Dreamliner: Will the Test Flight Change Guidance? George Gutowski submits: Boeing (BA) will soon conduct the defining test flight for its 787 Dreamliner. Of course it will fly and the publicity pictures will be spectacular. But let us read between the lines. In previous earnings releases the company said it would adjust earnings guidance based on test flight results. The initial corporate reaction, if they remember to talk about earnings, will be “we are analyzing results”. The test flight will provide a huge amount of technical data. The product line financial model is based on computer simulations. This will be the first taste of reality and the model will most certainly need to be adjusted. Complete Story » seekingalpha.com |
Stoneridge Earnings Loss Narrows Zacks.com submits: Stoneridge Inc. (SRI) reported a narrower loss of $200,000 or 1 cent per share in the fourth quarter of 2009, compared to the net loss of $108.4 million or $4.63 cents per share in the same quarter a year ago and the Zacks Consensus Estimate of a loss of 4 cents per share. This was attributed to benefits from restructuring and cost-reduction initiatives. Net sales dipped 15.3% to $133.8 million due to the reduction in production volumes in the commercial vehicle markets in Europe (53.9%) and North America (17.9%). Despite this, the Warren, Ohio-based designer and manufacturer of engineered electrical and electronic components, modules and systems for the medium and heavy-duty truck, agricultural, automotive and off-highway vehicle markets generated an operating profit of $2.2 million in the quarter.Complete Story » seekingalpha.com |
The Bull Market in Dry Bulk Shipping Stephen Rosenman submits:The transportation of goods by land and sea has been extremely bullish, and is not yet appreciated by the investing public.By SeaComplete Story » seekingalpha.com |
Daimler AG Q2 2010 Earnings Call Transcript Daimler AG (DAI)Q2 2010 Earnings Call TranscriptComplete Story » seekingalpha.com |