Among companies releasing May-quarter earnings reports soon, several are industry behemoths with possibility of recovering and a couple in growth stages. An overview of analysts' forecasts and company prospects can provide insight into what to expect. Will profits exceed estimates? What will be in store for beyond the current quarter? Here's the breakdown:
FedEx might deliver a favorable forecast
A recent announcement regarding the International Priority airline fleet perked more »
ACEA reported a 17% year-over-year decline in the European heavy truck registrations in November. The European truck production has the largest incremental impact on Paccar’s (NASDAQ: PCAR) DAF nameplate, Cummins (NYSE: CMI), Eaton Corp (NYSE: ETN), Allison Transmission (NYSE: ALSN), Modine Manufacturing (NYSE: MOD), Commercial Vehicle Group (NASDAQ: CVGI) and Actuant Corp’s Engineered Solutions segment. Total Europe truck registrations were down 17% YoY in November and down 15 more »
Mueller Industries, Inc. (NYSE: MLI) in an amended 13G filing earlier this week announced plans to repurchase all 10,422,859 of the shares owned by Leucadia National Corp. (NYSE: LUK) for $41.00. The aggregate price comes in at $427,337,219 and represents Leucadia’s entire stake in Mueller. Muller traded around $48 prior to the announcement, but is down by 6% this week on the news.
Leucadia more »