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

RTTNews | 255 दिनों पहले
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

टैग: GATX
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 | 528 दिनों पहले
Canadian Market Remains Deep Down In Negative Territory After Another Bloodbath

Canadian Market Remains Deep Down In Negative Territory After Another Bloodbath

It's a bloodbath on Bay Street again with the stocks seeing a free fall amid rising fears of a global recession following U.S. President Donald Trump's sweeping "reciprocal tariffs" moves and the retaliatory move by China raising concerns about economic growth.
RTTNews | 4घंटे 9 मिनट पहले
Powell Says Tariffs Likely To Lead To Higher Inflation, Slower Growth

Powell Says Tariffs Likely To Lead To Higher Inflation, Slower Growth

Citing a highly uncertain outlook due in part to President Donald Trump's new tariffs, Federal Reserve Chair Jerome Powell on Friday indicated the central bank will wait for greater clarity before considering any adjustments to interest rates.
RTTNews | 4घंटे 36 मिनट पहले
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 | 7घंटे 4 मिनट पहले
Bay Street Looks Headed For Another Weak Session

Bay Street Looks Headed For Another Weak Session

Except the yellow metal, which is up marginally, nothing else is moving up on Friday. Asian stocks tumbled, European stocks are plunging sharply and oil prices are plummeting as well, as U.S. President Donald Trump's sweeping "reciprocal tariffs" announcement has triggered fears of a strong retaliation by some major trading partners and possibility of a global recession.
RTTNews | 8घंटे 20 मिनट पहले
FTSE 100 Sinks 4.3% To Near Three-month Low

FTSE 100 Sinks 4.3% To Near Three-month Low

U.K. stocks are falling sharply, sending the benchmark FTSE 100 to a near three-month lows, as investors continue to exit counters amid rising fears of a wide-ranging trade war and a global recession following U.S. President Donald Trump's sweeping "reciprocal tariff" plans.
RTTNews | 8घंटे 51 मिनट पहले