| OSG America L.P. Q3 2009 Earnings Call Transcript OSG America L.P. (OSP)Q3 2009 Earnings CallNovember 2, 2009 1:00 pm ETComplete Story » seekingalpha.com |
GMAC: Too Much Is Never Enough Michael Terry submits:On the wire this morning (WSJ my source):GMAC Financial Services is close to getting approximately $3.5 billion in additional aid from the U.S. government, on top of $12.5 billion already received since December 2008, according to people familiar with the situation.Complete Story » seekingalpha.com |
The Greenbriar Companies, Inc. Q2 2010 Earnings Call Transcript The Greenbriar Companies, Inc. (GBX)Q2 2010 Earnings CallApril 7, 2010 11:00 am ETComplete Story » seekingalpha.com |
New Car Sales Back in High Gear: Is AutoNation a Buy? Ockham Research submits: Auto sales experienced strong gains in May as all major US manufacturers posted much better results. Chrysler showed the strongest growth to nearly 105,000 vehicles or 33% better than last year; its first month over 100k in more than two years. Ford (F) and General Motors also posted better numbers, improving 22% and 16.6% respectively. Ford sales would have been even stronger if not for the Mercury brand falling 11%, but Ford plans to phase out that brand in the near future. Demand has begun to return after a significant lull over the last two years as cash strapped customers tried to get extend their vehicle’s life as long as possible. Now, improving consumer confidence and a thawing in the auto loan market has helped fuel the rebound that has now seen sales increase for seven straight months. In addition to solid reports from auto manufacturers, it is not surprising that auto retailers are also reporting better results. AutoNation (AN), one of the largest auto dealers, reported new vehicle unit sales rose 22% to 19,283. Domestic new vehicle sales rose 28% to 5,852, while imported car sales increased 21% to 10,232. Premium luxury sales rose 15% to 3,199. As you might expect, AutoNation’s stock is trading nearly 7% higher in morning trading and has reached a new 52-week high.Complete Story » seekingalpha.com |
Earnings Preview: Carnival Corp. Zacks.com submits: Miami-based Carnival Corp. (CCL), which offers various itineraries to passengers worldwide under the leading cruise brands, is slated to release its third quarter 2010 earnings on September 21. The current Zacks Consensus Estimate for the third quarter is $1.47 per share, representing an annualized growth rate of 10.2%. Carnival has outperformed the Zacks Consensus Estimate over the trailing four quarters, with earnings surprises varying in the range of 6.7% to 69.2%. The average earnings surprise was 27.2%. This implies that the company has beaten the Zacks Consensus Estimate by this magnitude over the last four quarters.Complete Story » seekingalpha.com |