GATX Q2 Profit Declines, Misses Estimates; Reiterates FY24 EPS Outlook

RTTNews | Před 255 dny
GATX Q2 Profit Declines, Misses Estimates; Reiterates FY24 EPS Outlook

(RTTNews) - Transportation assets lessor GATX Corp. (GATX) reported Tuesday that net income for the second quarter declined to $44.4 million or $1.21 per share from $63.3 million or $1.74 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $1.43 per share, compared to $1.73 per share in the year-ago quarter.

Total revenues for the quarter increased to $386.7 million from $343.2 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.77 per share on revenues of $385.45 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company continues to projects earnings in the range of $7.30 to $7.70 per share. The Street is looking for earnings of $7.65 per share for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
GATX Q3 Profit Surges, But Misses Estimates

GATX Q3 Profit Surges, But Misses Estimates

GATX Corp. (GATX) reported Tuesday that net income for the third quarter surged to $52.5 million or $1.44 per share from $29.1 million or $0.81 per share in the prior-year quarter.
RTTNews | Před 528 dny
Swiss Market Ends Sharply Lower On Trade War Fears

Swiss Market Ends Sharply Lower On Trade War Fears

Swiss stocks fell sharply on Friday, mirroring losses across Europe and elsewhere, as the Trump Administration's sweeping tariffs on trade partners, and retaliatory move announced by China, and possible countermeasures by a few other major countries as well, raised fears of a possible global recession.
RTTNews | Před 8 h 58 min
European Stocks Tumble As China Retaliates After Trump's Tariff Moves

European Stocks Tumble As China Retaliates After Trump's Tariff Moves

European stocks plunged sharply and several market tumbled to fresh multi-month lows on Friday as U.S. President Donald Trump's sweeping tariff moves, and the retaliatory action by China raised fears of a global trade war and recession, prompting investors to press sales across the board.
RTTNews | Před 9 h 17 min
U.S. Job Growth Far Exceeds Estimates In March

U.S. Job Growth Far Exceeds Estimates In March

A closely watched report released by the Labor Department on Friday showed employment in the U.S. surged by much more than expected in the month of March. The Labor Department said non-farm payroll employment jumped by 228,000 jobs in March after climbing by a downwardly revised 117,000 jobs in February. Economists had expected employment to rise by 135,000 jobs.
RTTNews | Před 12 h 51 min