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Industrial
Boeing (BA) posts modest profit on 737 MAX deliveries, services growth
October 28, 2021 03:14 AM AEDT| By Sanjeeb BaruahHighlights Boeing’s revenue rose by about 8% YoY to US$15.27 billion, helped by deliveries of 737 MAX jets and services growth. Boeing bagged 93 net orders during the period, the company said. Boeing President and CEO David Calhoun said .....
Lockheed (LMT) lowers guidance; Sherwin-Williams (SHW) flags supply woes
October 27, 2021 06:21 AM AEDT| By Ipsita SarkarDefence firm Lockheed Martin Corporation (NYSE: LMT) and paint and coating manufacturer Sherwin-Williams Company (SHW) reported their third-quarter results on Tuesday. The LMT stock fell over 10%, while the SHW stock rose about 2% in int.....
General Electric Co (GE) revises guidance upward after Q3 profits
October 27, 2021 05:37 AM AEDT| By Sanjeeb BaruahHighlights The General Electric Co’s (NYSE: GE) revenue from the jet engine and service division rose by 9.7% YoY to US$5.4 billion in the latest quarter. In addition, GE’s industrial free cash flow of US$1.7 billion was higher tha.....
Raytheon (RTX) raises sales guidance, 3M (MMM) narrows EPS outlook
October 27, 2021 03:47 AM AEDT| By Ipsita SarkarHighlights Raytheon Technologies Corporation’s (NYSE: RTX) net sales surged 10% YoY in Q3, FY21. Raytheon projected its annual net sales to be US$64.5 billion in fiscal 2021. The 3M Company’s (NYSE: MMM) net sales rose by 7.1% YoY .....
UPS lifts guidance as demand, higher shipping costs boost Q3 results
October 27, 2021 01:50 AM AEDT| By Sanjeeb BaruahHighlights United Parcel Service Inc’s (NYSE: UPS) third-quarter 2021 consolidated revenue jumped 9.2% YoY to US$23.2 billion. UPS CEO Carol Tomé said the results reflect the company’s sustained efforts to ensure productivit.....
5 industrial stocks with over 40% YTD returns to explore
October 23, 2021 03:14 AM AEDT| By Team Kalkine MediaHighlights The net earnings of General Dynamics Corporation (NYSE: GD) increased by more than 17% YoY in the second quarter of fiscal 2021. The net sales of Carrier Global Corporation (NYSE: CARR) was up 37% YoY in Q2, FY21 The net income of O.....
Dow Inc. (DOW) total revenue jumps 53% in third quarter
October 22, 2021 10:38 AM AEDT| By Sanjeeb BaruahHighlights Dow Inc’s (NYSE: DOW) net sales were up 53% YoY to US$14.8 billion, and the GAAP EPS was US$2.23 in the quarter. The GAAP net income was US$1.7 billion, while the operating EBIT1 was US$2.9 billion, up over US$2.1 billion from .....
American Airlines Group (AAL) posts third-quarter profit of US$169 million
October 22, 2021 09:18 AM AEDT| By Sanjeeb BaruahHighlights American Airlines’ net profit was US$169 million, or US$0.25 per diluted share, in the third quarter. The Texas-based airline plans to operate over 6,000 daily flights during peak days in the fourth quarter. Its average daily .....
Southwest Airlines’ (LUV) Q3 revenue up YoY but down from 2019 levels
October 22, 2021 04:38 AM AEDT| By Sanjeeb BaruahHighlights Southwest Airlines Co’s (NYSE: LUV) operating revenues rose by 161.0% YoY to YS$4.7 billion but fell 17.0% compared with Q3 of 2019 due to the pandemic. The company’s operating revenue per available seat mile (RASM) was .....
Dover (DOV), Halliburton (HAL) post strong Q3 revenue, profit growth
October 20, 2021 04:05 AM AEDT| By Ipsita SarkarHighlights Dover Corporation (NYSE: DOV) reported revenue of US$2.0 billion, 15% higher YoY. Halliburton Company (NYSE: HAL) revenue increased 30% YoY to US$3.86 billion. Dover has raised the full-year 2021 guidance; It posted US$2.63 billion.....
J.B. Hunt (JBHT) profits surge nearly 60% in Q3
October 16, 2021 01:52 PM AEDT| By Team Kalkine MediaLogistics company J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) on Friday announced a third-quarter net earnings of US$199.8 million, boosted by robust business growth. The stock jumped more than 8.7% to close at US$190.55 after the stellar qu.....
Delta Air’s (DAL) net income falls, expects faster recovery in Q4
October 14, 2021 01:48 AM AEDT| By Sanjeeb BaruahHighlights In the quarter ended September, its adjusted operating revenue dropped 34% to US$8.28 billion YoY as the Delta variant wreaked havoc for air travel in August and early September. Delta’s net income fell to US$1.21 billion, or U.....
Fastenal (FAST), AZZ Inc. (AZZ) stocks pop after strong earnings
October 13, 2021 02:54 AM AEDT| By Ipsita SarkarHighlights The net sales of Fastenal Company (NASDAQ: FAST) surged 10% YoY in Q3, FY21. Fastenal’s gross profit rose more than 12% YoY in Q3, FY21. AZZ Inc. (NYSE: AZZ) expects its net sales to be between US$865 million and US$925 millio.....
7 stocks worth exploring amid the buzz over commercial space voyages
September 18, 2021 12:17 PM AEST| By Team Kalkine MediaHighlights Lockheed Martin’s (NYSE: LMT) net earnings were US$1.8 billion in Q2, FY21. Maxar Technologies, Inc. (NYSE: MAXR) revenue was US$473 million in Q2, 2021. The revenue of Northrop Grumman Corporation (NYSE: NOC) ticked up 3% YoY.....
Five carbon capture startups catching the eyes of investors
September 17, 2021 09:55 AM AEST| By Ipsita SarkarHighlights Climeworks opened its new plant in Orca, Iceland, on September 8, 2021. It is a direct air capture and storage plant. Royal Dutch Shell announced in July this year to build a large carbon capture and storage project near Edmonton, Al.....
Check out these 5 Industrial stocks that gave over 18% return YTD
September 17, 2021 06:37 AM AEST| By Ipsita SarkarHighlights The net income of United Parcel Service, Inc (NYSE: UPS) was US$2.67 billion in Q2, FY21. The stock of Raytheon Technologies (NYSE: RTX) grew by 24.02% YTD. General Electric’s (NYSE: GE) stock value increased by 21.97% YTD. .....
Seanergy (SHIP) & Castor (CTRM): Two trending maritime stocks
September 15, 2021 05:31 AM AEST| By Ipsita SarkarHighlights Seanergy Maritime Holdings Corp (NASDAQ: SHIP), founded in 2006, has a market capitalization of US$212.9 million and a P/E ratio of 139. Castor Maritime Inc. (NASDAQ: CTRM) owns a fleet of 27 vessels. Castor’s market capitaliza.....
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Why are Virgin Galactic (SPCE), Joby (JOBY) stocks in focus today?
September 04, 2021 05:53 AM AEST| By Team Kalkine MediaHighlights Virgin Galactic Holdings Inc (NYSE: SPCE) stocks tanked on September 3, a day after FAA announced an investigation into some technical issues during its space mission. Joby Aviation (NYSE: JOBY) stock tumbled after filing with SEC fo.....
As economy rebounds, five chemical stocks to explore
August 27, 2021 10:47 AM AEST| By Sanjeeb BaruahHighlights Tronox Holdings Plc (NYSE: TROX) reported total revenue of US$927 million in Q2, 2021. Air Products and Chemicals’ (NYSE APD) EPS was US42.36 in Q3, 2021. Eastman Chemical Company (NYSE: EMN) incurred losses of US$146 millio.....
Top nine transportation stocks based on their market capitalization
August 18, 2021 08:36 AM AEST| By Team Kalkine MediaHighlights Union Pacific Corp (NYSE: UNP) has a P/E ratio of 25.47 and a dividend yield is 1.88%. Old Dominion Freight Line, Inc.’s (NASDAQ: ODFL) dividend yield is 0.28%. The stock gained 43.33% YTD. Kansas City Southern (NYSE: KSU) gai.....
