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Check out the companies making headlines in broad trading. Discover Financial – Shares edged down 1%. The financial services company reported third-quarter results that beat expectations, with earnings of $3.69 per share on revenue of $4.45 billion. Analysts surveyed by LSEG had expected earnings of $3.42 per share and revenue of $4.35 billion. CSX – The rail transportation company lost 4% after third-quarter results below Wall Street forecasts. CSX reported earnings of 46 cents per share on revenue of $3.62 billion, while analysts surveyed by LSEG forecast earnings of 48 cents per share on revenue of $3.67 billion of dollars. Overall volumes were up 3% from the year-ago period, but revenue per unit was down about 1%. Alcoa – Shares of the aluminum producer jumped nearly 9%. Alcoa reported third-quarter adjusted earnings of 57 cents per share, beating analysts’ estimate of 28 cents per share, per LSEG. Revenue missed the target, coming in at $2.90 billion, compared to $2.97 billion reported by the Street. Lucid Group – The electric vehicle maker fell 10% after announcing a public offering of more than 262 million shares. Lucid also said that Ayar Third Investment Company, a subsidiary of the Public Investment Fund, indicated that it would purchase more than 374 million shares. Kinder Morgan — Shares of the energy infrastructure company fell 2.7% following disappointing third-quarter results. Kinder Morgan reported adjusted earnings per share of 25 cents and revenue of $3.70 billion. Meanwhile, analysts had estimated earnings per share of 27 cents on revenue of $3.98 billion. Management also said it expects adjusted earnings before interest, taxes, depreciation and amortization and adjusted earnings per share to be below budget by 2% and 4%, respectively. PPG Industries — Shares fell less than 1% after the paint maker missed third-quarter earnings and results. PPG Industries reported adjusted earnings of $2.13 per share on revenue of $4.58 billion. Analysts surveyed by LSEG had forecast earnings per share of $2.15 and revenue of $4.65 billion. A difficult context in terms of global industrial production weighed on the company’s results. SL Green – The office building-focused company fell about 3% after reporting a third-quarter earnings shortfall. SL Green reported quarterly revenue of $139.6 million, based on rental income, while analysts surveyed by LSEG had expected $142.5 million. Meanwhile, losses came in at 21 cents per share, compared to the Street’s forecast of 50 cents per share. Equifax — The consumer credit reporting company fell nearly 5% after issuing weak forecasts. For the fourth quarter, Equifax expects adjusted earnings of between $2.08 and $2.18 per share, while analysts surveyed by LSEG were targeting $2.20 per share. The revenue outlook for the quarter also fell short of expectations. Steel Dynamics — The steel producer added 3%. Third-quarter profit was $2.05 per share, beating the $1.97 per share analysts expected, according to LSEG. Revenue also beat expectations, with Steel Dynamics bringing in $4.34 billion, compared to the Street’s estimate of $4.18 billion. — CNBC’s Darla Mercado contributed reporting
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