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Ask MoneySense
We have been defrauded of over $20,000 by someone who was able to make unauthorized e-transfers from our bank accounts. The bank has recovered a small portion of them, and it has refused responsibility for any more. I am at level three of the complaint process, and I am wondering how .... More »
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CSX matches 4Q net income expectations, tops revenue forecasts
– canadianbusiness.com
JACKSONVILLE, Fla. (AP) _ CSX Corp. (CSX) on Tuesday reported fourth-quarter earnings increased by 15 per cent to $491 million.
On a per-share basis, the Jacksonville, Florida-based company said it had profit of 49 cents.
The results matched Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 49 cents per share.
The freight railroad posted revenue of $3.19 billion in the period, which beat Street forecasts. Analysts expected $3.18 billion, according to Zacks.
CSX shares have dropped slightly more than 7 per cent since the beginning of the year, while the Standard & Poor’s 500 index has dropped roughly 2 per cent. In the final minutes of trading on Tuesday, shares hit $33.54, a climb of 18 per cent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. CSX stock research report from Zacks.
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Keywords: CSX, Earnings Report, Priority Earnings
The post CSX matches 4Q net income expectations, tops revenue forecasts appeared first on Canadian Business.
On a per-share basis, the Jacksonville, Florida-based company said it had profit of 49 cents.
The results matched Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 49 cents per share.
The freight railroad posted revenue of $3.19 billion in the period, which beat Street forecasts. Analysts expected $3.18 billion, according to Zacks.
CSX shares have dropped slightly more than 7 per cent since the beginning of the year, while the Standard & Poor’s 500 index has dropped roughly 2 per cent. In the final minutes of trading on Tuesday, shares hit $33.54, a climb of 18 per cent in the last 12 months.
_____
This story was generated by Automated Insights using data from Zacks Investment Research. CSX stock research report from Zacks.
_____
Keywords: CSX, Earnings Report, Priority Earnings
The post CSX matches 4Q net income expectations, tops revenue forecasts appeared first on Canadian Business.
U.S. charges Canadian man with stock price manipulation
– theglobeandmail.com
Department of Justice alleged Aleksandr Milrud employed a trading strategy known as layering or spoofing
With new Canadian real estate statistics out this week, Don Pittis looks at some of the indicators that might tell you if the house you own — or the one you’re planning on buying — is overpriced.
Industrial valve maker Velan Q3 profit down at US$4.8M; revenue up at US$127.3M
– canadianbusiness.com
MONTREAL – Industrial valve maker Velan Inc. (TSX:VLN) says lower margins and higher administration costs resulted in a drop in year-over-year net profit in its most recent quarter.
Net earnings amounted to US$4.8 million or 22 cents per share in the three months ended Nov. 30, down from US$8.3 million or 38 cents in the comparable year-earlier period, the company said Tuesday.
Revenue rose to US$127.3 million from US$115.6 million.
“The $3.5 million decrease in net earnings is primarily attributable to a lower gross profit percentage and increased administration costs, in particular an increase in costs recognized in connection with the company’s ongoing asbestos litigation and higher sales commissions resulting from the increased sales output in the quarter,” Velan said in remarks accompanying its earnings.
It said the US$11.7 million or 10.1 per cent increase in sales was due to the shipment of large export orders in the quarter.
Montreal-based Velan has manufacturing plants in 10 countries and employs about 2,000 people…
Net earnings amounted to US$4.8 million or 22 cents per share in the three months ended Nov. 30, down from US$8.3 million or 38 cents in the comparable year-earlier period, the company said Tuesday.
Revenue rose to US$127.3 million from US$115.6 million.
“The $3.5 million decrease in net earnings is primarily attributable to a lower gross profit percentage and increased administration costs, in particular an increase in costs recognized in connection with the company’s ongoing asbestos litigation and higher sales commissions resulting from the increased sales output in the quarter,” Velan said in remarks accompanying its earnings.
It said the US$11.7 million or 10.1 per cent increase in sales was due to the shipment of large export orders in the quarter.
Montreal-based Velan has manufacturing plants in 10 countries and employs about 2,000 people…
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
