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Stock Market & Financial Investment News

News Breaks
February 20, 2013
17:06 EDTSWFTMoody's raises Swift Transportation's credit rating to B1 from B2
Swift Transportation announced that Moody's Investor Service has upgraded the company's credit ratings, with the corporate family rating raised to B1 from B2 and the senior secured first lien bank credit facility raised two notches to Ba2 from B1. In their press release, Moody's states, "The ratings upgrade reflects the substantial progress that Swift has made in margin growth, cash flow generation, and deleveraging during a period of stable demand in the truckload segment." Additionally, Moody's raised the rating on Swift's second lien notes to B3 from Caa1 and said the ratings outlook is stable.
News For SWFT From The Last 14 Days
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July 30, 2015
15:56 EDTSWFTSwift Transport enters into amended, restated credit pacts
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July 27, 2015
16:15 EDTSWFTSwift Transport backs FY15 adjusted EPS $1.64-$1.74, consensus $1.69
Sees FY15 capex $350M-$375M. "We anticipate Truckload's profitability to rebound in the coming quarters, as driver retention, recruiting, and pricing trends continue their favorable progress," said the company.
16:12 EDTSWFTSwift Transport reports Q2 adjusted EPS 37c, consensus 37c
Reports Q2 revenue $1.06B, consensus $1.10B.
15:03 EDTSWFTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Baidu (BIDU), consensus $10.58... Avalonbay Communities (AVB), consensus $1.92... Hartford Financial (HIG), consensus 77c... Southwestern Energy (SWN), consensus 6c... PartnerRe (PRE), consensus $2.35... Allison Transmission (ALSN), consensus 34c... Swift Transportation (SWFT), consensus 37c.

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