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February Economic Roundup: A Look At What's Ahead
Friday, February 1, 2019 - 11:47amRead More...As part of FreightWaves overall coverage of freight markets, it publishes a summary of the changes in the economy over the past month, both in terms of the data releases and in developments in public policy. The Economic Roundup is designed to synthesize the events of the past month as they relate...
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Ford Vs. GM: New Leaders, Big Dreams
Wednesday, October 15, 2014 - 9:54amRead More...A few weeks ago, two of Detroit’s Big Three automakers — General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) — released forecasts for the end of the year and the next few years. The forecasts come at an interesting juncture for both automakers, as each has...
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As Goes January, So Goes the Year? A Quantitative Look
Thursday, January 30, 2014 - 4:24pmRead More...The saying, “As goes January, so goes the year,” has been commonplace on Wall Street since 1972 when introduced by Yale Hirsch. From 1950 through 1984, full year returns correlated with January’s performance at a rate of roughly 75 percent. Per efficient market theorem, this trend should have...
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UPDATE: Western Digital Lowers Q1 Revenue Forecast, Initiates Dividend
Friday, September 14, 2012 - 3:53amRead More...Western Digital (NASDAQ: WDC) lowered its revenue forecast for the fiscal first quarter. The company initiated a quarterly dividend and lifted its share repurchase authorization by $1.5 billion. Western Digital projects Q1 revenue of $3.9 billion to $4 billion, down from its earlier forecast of...
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Xyratex Lowers FQ3 Revenue Forecast
Wednesday, September 12, 2012 - 4:03amRead More...Xyratex Ltd (NASDAQ: XRTX) cut its revenue forecast for fiscal third quarter. Xyratex expects FQ3 revenue of $271 million to $276 million, versus its earlier forecast of $313 million to $373 million. Xyratex is expected to report its FQ3 results on October 2. Xyratex shares tumbled 16.85% to $8...
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Steel Dynamics Issues Weak Q3 Earnings Forecast
Wednesday, September 12, 2012 - 3:58amRead More...Steel Dynamics (NASDAQ: STLD) issued downbeat earnings forecast for the third quarter. Steel Dynamics now projects earnings of $0.01 to $0.05 per share in the quarter. Excluding special items, it expects earnings of $0.09 to $0.14 per share, down from $0.20 per share in the year-ago period....
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UPDATE: Infoblox Issues Downbeat 2013 Earnings Forecast
Friday, September 7, 2012 - 3:39amRead More...Infoblox (NYSE: BLOX) issued downbeat earnings forecast for the full year. Infoblox expects 2013 earnings of $0.04 to $0.07 per share on revenue of $195 to $202 million. However, analysts were projecting earnings of $0.11 per share on revenue of $194.8 million. Infoblox shares dipped 12.78% to $...
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UPDATE: Boingo Wireless Issues Downbeat Forecast
Thursday, August 9, 2012 - 4:00amRead More...Boingo Wireless (NASDAQ: WIFI) reported weaker-than-expected second-quarter results and issued a downbeat view for the current quarter. Boingo projects revenue of $25.5 million to $26.5 million, and earnings of $0.05 to $0.06 per share for the period. However, analysts were expecting revenue of $...
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Avion Gold Lifts 2012 Production Outlook
Thursday, July 5, 2012 - 5:14amRead More...Avion Gold (OTC: AVGCF) lifted its 2012 gold production view. The company now projects to produce between 95,000 and 102,000 ounces of gold, versus its previous outlook of 90,000 to 100,000 ounces. Avion Gold shares gained 0.91% to close at $0.4430 on Tuesday.
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Zumtobel Lowers Medium-Term Outlook
Wednesday, June 27, 2012 - 3:31amRead More...Austria's Zumtobel AG (OTC: ZMTBF) lowered its medium-term view. Zumtobel's fourth-quarter sales fell 1.0% y/y to EUR316.1 million. It posted a net loss of EUR2.9 million, versus a year-ago loss of EUR1.3 million.
