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Stock Market & Financial Investment News

News Breaks
January 24, 2014
10:56 EDTKSU, UNP, NSC, CPRailroads sink after Kansas City Southern results miss expectations
Shares of railroad operators are falling after one of the companies in the sector, Kansas City Southern (KSU), reported weaker than expected results earlier today. WHAT'S NEW: Kansas City Southern's fourth quarter earnings per share came in at $1.03, well below the consensus estimate of $1.10. The company's revenue was slightly below expectations. Kansas City Southern identified weak coal volumes and challenging weather as the main causes of its miss. WHAT'S NOTABLE: Yesterday the NTSB recommended that the government impose stricter regulations on the transportation of crude oil by trains. The agency said it was concerned that accidents involving trains transporting crude oil could cause "major loss of life, property damage and environmental consequences." Also yesterday, another railroad operator, Union Pacific (UNP), reported stronger than expected fourth quarter results. The company noted that its overall freight volume had increased 7% last quarter, driven by core pricing gains. Union Pacific did, however, report that its coal revenue had dropped 1% in the fourth quarter, compared with the same period in 2012. PRICE ACTION: In mid-morning trading, Kansas City Southern tumbled 14.7% to $100, Union Pacific lost 0.7% to $173, Norfolk Southern (NSC) dropped 2.5% to $91.30, and Canadian Pacific (CP) declined 2.4% to $144.50.
News For KSU;UNP;NSC;CP From The Last 14 Days
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October 22, 2014
16:44 EDTNSCNorfolk Southern says coal weakness offset by stronger segments
16:42 EDTNSCNorfolk Southern CEO sees growth potential without mergers
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16:41 EDTNSCNorfolk Southern CEO says issues around industry consolidation problematic
Comments made during CNBC interview.
15:37 EDTUNPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
09:21 EDTNSCOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Dow Chemical (DOW), up 3.7%... iRobot (IRBT), up 12%... Six Flags (SIX), up 13%... GlaxoSmithKline (GSK), up 2%... Broadcom (BRCM), up 7%... Boston Scientific (BSX), up 4.3%... Abbott (ABT), up 1.8%... Yahoo! (YHOO), up 6%. ALSO HIGHER: Blue Earth (BBLU), up 26.4% after CEO says statements in Seeking Alpha blog are "false and misleading."... GW Pharmaceuticals (GWPH), up 5.4% after Epidiolex receives orphan designation from EMA. DOWN AFTER EARNINGS: 3D Systems (DDD), down 15%... Biogen (BIIB), down 7%... Lumber Liquidators (LL), down 13.4%... Norfolk Southern (NSC), down 3%... Angie's List (ANGI), down 8.8%. ALSO LOWER: Nanosphere (NSPH), down 33% after filing secondary, reporting preliminary Q3 revenue... Himax Technologies (HIMX), down 16% after announcing that Google (GOOG) will not exercise an additional investment option in the company... Cree (CREE), down 10.5%, downgraded at DA Davidson and Canaccord following the company's Q1 earnings results... Ocwen Financial (OCN), down 7% after downgraded to Hold at Evercore, downgraded to Neutral at BofA Merrill Lynch... VMware (VMW), down 7.8%, downgraded at Nomura and Raymond James following the company's Q3 results.
08:02 EDTNSCNorfolk Southern reports Q3 EPS $1.79, consensus $1.83
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October 21, 2014
15:35 EDTNSCNotable companies reporting before tomorrow's open
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13:27 EDTCPCSX comes off intraday high after CP says done exploring merger
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11:49 EDTCPCanadian Pacific concerned about 'fragile' state of Chicago
Canadian Pacific says Chicago is the number one concern.
11:16 EDTCPCanadian Pacific says foreign exchange is a headwind on expense front
Sees seasonal uptick on car maintenance in Q4.
11:13 EDTCPCanadian Pacific sees positive trends in grain sector
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07:38 EDTCPCanadian Pacific reports Q3 EPS C$2.31, consensus C$2.39
Reports Q revenue C$1.67B, consensus C$1.70B.
October 20, 2014
12:16 EDTUNP, NSC, CP, KSUCanadian Pacific still interested in consolidation, says UBS
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09:22 EDTCPOn The Fly: Pre-market Movers
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07:02 EDTCPCanadian Pacific confirms termination of exploratory talks with CSX
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October 17, 2014
09:15 EDTKSUKansas City Southern board does not anticipate material increases in dividend
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09:09 EDTKSUKansas City Southern: Coal may be wild card in positive way in Q4
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08:18 EDTKSUKansas City Southern: Economic outlook for 2014, 2015 positive for US, Mexico
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08:04 EDTKSUKansas City Southern reaffirms updated 2014 goals
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08:03 EDTKSUKansas City Southern reports Q3 adjusted EPS $1.29, consensus $1.26
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