TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Earnings Preview: Boeing Boeing (BA) is expected to report Q2 earnings on Wednesday, October 21 before the market open with a conference call scheduled for 10:30 am ET. GuidanceAnalysts are looking for EPS of ($2.12) on revenue of $17.18B. The consensus range is ($2.45)-($1.87) for EPS, and $16.15B-$18.95B for revenue, according to First Call. Boeing noted it will record a $1B charge in Q3, attributed to a delay in producing a new version of the 747-8 series freighter jet, causing slow sales and late design changes. The company's problem filled 787 program developed a new wrinkle during the quarter when production of the plane's fuselage parts was halted after flaws in the fuselage's composite skin were discovered. It was initially felt the halt could push the Dreamliner's first flight date back further. However, in mid October, Boeing announced the fixes were progressing well, and the 787 was still on track to fly by the end of the year. Given the problems in the company's two main airline projects, investors may want to prepare for a let down in Q3.Complete Story » seekingalpha.com |
CSX Beats on Earnings, Misses on Revenues Wall Street Cheat Sheet submits: by David GibbsTransportation bellwether CSX reported better than expected earnings Tuesday after the bell. Q4 earnings came in at $0.77 / share, beating estimates by $0.01. Revenues, however, fell 13% year over year to a grand total of $2.3 billion, falling short of the analysts' $2.39 billion consensus. Shares are trading down more than 3% during the after-hours session. Improvement in the economy is expected to help companies like CSX, and the total volume tally for Q4 seemed to buoy those expectations. Volume fell 7% year over year, the narrowest year over year drop for any quarter last year. Still, lower coal and merchandise shipments weigh on CSX’s ability to grow revenues at a faster rate. Complete Story » seekingalpha.com |
Elizabeth Warren: GMAC Did Not Pose a Systemic Risk Edward Harrison submits:So why did we rescue this institution with a massive bailout? Elizabeth Warren, who chairs the Congressional Oversight panel of the TARP program, doesn’t understand any more than taxpayers do. This is another example of the malinvestment and zombie finance which bailouts have fostered. Here’s a question for you: if GMAC was a U.S. auto financing company, why was it speculating in mortgage finance… in Spain? That’s what I was asking back in July:Complete Story » seekingalpha.com |
Plug-In Vehicles Will Be Dirtier Than HEVs John Petersen submits:On June 22nd Scientific American rolled-out a Web-only article titled "The Dirty Truth about Plug-in Hybrids, Made Interactive" that summarizes a January 2008 report from Oak Ridge National Laboratory and shows why plug-in vehicles in the U.S. will, on average, be just a little bit dirtier than gasoline HEVs. You read that right – dirtier, not cleaner!Complete Story » seekingalpha.com |
Ford: Doing Enough to Lure Investors Back to the U.S. Auto Industry? Michael Moretto submits: I have been bullish on Ford (F) since GM and Chrysler got bailed out by the government. From a pure company fundamentals perspective I stand corrected, however from a share price perspective it’s a mixed bag and that’s the topic for this article. The company has produced outstanding sales numbers compared to previous years. It has two highly anticipated cars coming to North America in the next year the European Fiesta and Focus. When one compares the existing North American Focus and the UK version there is no comparison; having driven both all I can say is that the UK version should sway a lot of hatchback and hot-hatch buyers over to the Focus.Complete Story » seekingalpha.com |