Norfolk Southern 2Q Profit up 2% Despite Weaker Volume

Norfolk Southern Gene J. Puskar/Associated Press

Norfolk Southern Corp.’s earnings chugged ahead 2% even though the railroad hauled 4% less freight in the second quarter because it was able to raise its shipping rates.

July 24, 2019
Business, Technology

Nissan Braces for Pain as Weak Profits Force Restructuring

Nissan Nissan CEO Hiroto Saikawa (Akio Kon/Bloomberg News)

Nissan Motor Co. confirmed reports of a 90% drop in quarterly operating profit and a broader restructuring a day before posting results, underscoring the Japanese automaker’s struggle to get back on stable footing.

Ma Jie and Masatsugu Horie | Bloomberg News
July 24, 2019

Coca-Cola Tops Profit Estimates as Global Drink Volumes Climb

Coca-Cola Taylor Weidman/Bloomberg News

Coca-Cola Co. shares surged to open at a record high July 23 after its latest earnings got another boost from drinks with less sugar, more than offsetting the company’s sluggish home market.

Craig Giammona | Bloomberg News
July 23, 2019
Business, Top 100

FedEx Reports Mixed Earnings Results, Says 2020 Will Be Transitional Year

A FedEx Express truck on a highway in Kentucky U.S. volume growth and higher revenue per shipment at its Ground and Freight units helped offset the disappointing numbers at Express. (John Sommers II for Transport Topics)

FedEx Corp. said its net income fell to negative territory in the fiscal fourth quarter, blunted by costs at its divisions as well as reorganization after a buyout.

Dan Ronan | Associate News Editor
June 25, 2019
Business, Technology

Stamps.com Craters Without Postal Service Partnership

Packages Andrew Harrer/Bloomberg News

Stamps.com plunged 48% in pre-market trading May 9, poised to drop to a five-year low, after the company slashed its profit outlook for the full year, fueling investor concerns about its ability to protect margins in the absence of a key partnership with the U.S. Postal Service.

Esha Dey | Bloomberg News
May 9, 2019

Wabash Posts Record 1Q Revenue

Wabash factory worker Wabash's net income for the period ending March 31 fell to $14.7 million, compared with $21.2 million a year ago. (Daniel Acker/Bloomberg News)

Wabash National Corp. reported record first-quarter revenue, but net income slipped.

Roger Gilroy | Senior Reporter
May 3, 2019
Business, Technology

Fiat Chrysler Shares Rally as CEO Mike Manley Confirms Outlook After Profit Miss

Fiat Fiat Chrysler CEO Mike Manley (Chris J. Ratcliffe/Bloomberg News)

Fiat Chrysler Automobiles NV shares rallied as investors shrugged off lower-than-expected first-quarter profit and focused on CEO Mike Manley’s confirmation of the carmaker’s 2019 earnings targets.

May 3, 2019

Dana Posts Record Sales in First Quarter, but Net Income Dips

Dana truck jeep Dana saw record sales in the first quarter, but that didn't translate to record profits. Dana said the reason for that was $32 million in one-time costs related to acquisitions. (TT file photo)

Dana Inc. reported record first-quarter sales for 2019, seeing a 5% increase to $2.16 billion, compared with $2.14 billion in the year-ago period, according to a company news release.

Jim Stinson | Staff Reporter
May 2, 2019

XPO Logistics Sets New Growth Targets After Setbacks in 2018

XPO truck XPO said net income attributable to common shareholders was $47 million, or 40 cents a share, in the three months ended March 31, compared with $73 million, or 56 cents a share, in the same period a year ago. (XPO Logistics Inc.)

XPO Logistics reported lower profits and overall flat revenue in the first quarter of 2019, but the company’s CEO drew an optimistic picture of the business going forward with $1.1 billion in new business added so far this year and more than $4 billion in active bids in its sales pipeline.

Daniel P. Bearth | Senior Staff Writer
May 1, 2019

Coca-Cola Jumps on Profit Beat as China Fuels Beverage Sales

Coca-Cola MPCA Photos/Flickr

Coca-Cola Co., locked in a renewed battle for global beverage sales with rival PepsiCo Inc., rose in early trading as its push beyond sugary drinks helped it beat on profit in the first quarter.

Craig Giammona | Bloomberg News
April 23, 2019