GATX Q3 Profit Surges, But Misses Estimates

RTTNews | 527 days ago
Stocktwits
GATX Q3 Profit Surges, But Misses Estimates

(RTTNews) - 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.

Total revenues for the quarter increased to $360.1 million from $321.0 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.47 per share on revenues of $344.02 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, based on year-to-date performance and the outlook for the remainder of the year, the company expects full-year earnings to modestly exceed the high end of the previously announced guidance range of $6.50 to $6.90 per share. The Street is looking for earnings of $6.98 per share for the year.

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

Tags: GATX
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German Factory Orders Stagnate In February

German Factory Orders Stagnate In February

Germany factory orders stagnated unexpectedly in February even though US importers brought forward imports to beat the impending tariffs. New orders in the manufacturing sector remained unchanged in February, reversing a 5.5 percent drop in January, Destatis reported Friday. Orders were forecast to grow 3.4 percent. Excluding large orders, new orders were 0.2 percent lower than in the previou
RTTNews | 5h 11min ago
Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven Swiss Franc Rises

Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven Swiss Franc Rises

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday amid increased risk-off mood by the investors, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by U.S. President Donald Trump on U.S. trade partners.
RTTNews | 7h 42min ago
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