FLEETCOR Q4 earnings ‘better than expected’
Business payments company FLEETCOR Technologies Inc. reported EPS 19 cents above estimates for the fourth quarter.
Business payments company FLEETCOR Technologies Inc. reported EPS 19 cents above estimates for the fourth quarter.
E-commerce and shipping solutions provider Pitney Bowes reported “the highest modern-day, organic growth rate on record.”
Targa Resources Corp. (NYSE: TRGP) missed Wall Street’s fourth quarter consensus revenue expectations of $2.74 billion. The company’s revenue decreased nearly 3.9 percent year-over-year (Y/Y) from over $2.7 billion to nearly $2.6 billion.
WABCO Holdings Inc. (NYSE: WBC) beat Wall Street’s consensus fourth quarter expectations of non-GAAP earnings per share (EPS) of $1.98 by over 7 percent and GAAP EPS of $1.97 by over 11 percent according to Seeking Alpha.
Bridgestone Corporation (OTC US: BRDCF) missed Wall Street’s consensus expectations for its annual earnings per share (EPS) of SEN (Yen) 401.86 or $3.55 by over 3 percent.
Dana Inc. (NYSE: DAN) beat Wall Street’s consensus revenue expectations of $1.91 billion for the fourth quarter of 2018.
FleetCor Technologies (NYSE: FLT), which provides fuel cards and workforce payment products and services, beat Wall Street’s consensus estimates for its fourth quarter earnings.
Shares of Cummins Inc. (NYSE: CMI) decreased by $0.47 on February 6 after the company missed the consensus expectations of fourth quarter earnings per share (EPS) of $3.81 by 8.6 percent, according to Seeking Alpha. Non-GAAP EPS was only $3.48.
Genesee & Wyoming, Inc. (NYSE: GWR) beat fourth quarter revenue consensus estimates by $4.89 million. Revenue was expected to decrease by 0.2 percent year-over-year (Y/Y), but it increased 0.7 percent Y/Y from $571.6 million to $575.6 million, according to Seeking Alpha. GWR also beat fourth quarter consensus earnings per share (EPS) estimates of $0.89 by $0.11 to $1.00.
After a day of choppy trading, a consensus seemed to emerge that CHRW was well-positioned to grow net revenues even in a re-balancing freight market.
CHRW grew earnings per share by 24%, top line revenue by 4.5%; and net revenues by 13%.
Covenant Transport (NASDAQ: CVTI) reported record revenue in the fourth quarter, beating analyst projections by $10.72 million. The company announced $272.3 million in total revenue, a 33.9% increase compared to the fourth quarter of 2017.
In Partnership with Arrive Logistics… we talk freight market data with executives from Arrive Logistics and ask them how they’re preparing to handle surging volumes in Q4 and beyond.