Friday, January 17, 2020
Regions Fincl misses by $0.01, reports revs in-line
Reports Q4 (Dec) earnings of $0.38 per share, $0.01 worse than the S&P Capital IQ Consensus of $0.39; revenues rose 3.0% year/year to $1.48 bln vs the $1.48 bln S&P Capital IQ Consensus.
Thursday, January 16, 2020
CSX beats by $0.01, misses on revs
- Jan-16-20 Downgrade Loop Capital Hold → Sell $9
3D Systems Corp. (NYSE: DDD) was downgraded to Sell from Hold with a $9 target price (versus an $11.90 close, after a 2.6% gain) at Loop Capital. 3D Systems had a consensus target price of $9.58, and its 52-week trading range is $6.47 to $14.50.
Late Wednesday, XPO Logistics announced it's undertaking the review to enhance shareholder value. XPO stock continues to trade well below the sum-of-the-parts value and at a big discount to pure-play peers, CEO Bradley Jacobs noted in a statement.
It has not set a timetable for completing the review process.
But the company ruled out selling or spinning off its North American less-than-truckload unit, which is key to XPO Logistics' growth.
In the first nine months of 2019, the segment contributed to 36% of total revenue, up from 34% in the year-ago period. In 2021, company expects it to generate $1 billion in EBIT from the less-than-truckload business.
In February 2019, XPO Logistics warned that its largest customer was downsizing the amount of business it does with XPO. That customer was widely believed to be e-commerce giant Amazon, which is building out its own fleet of delivery vehicles and aircraft. The warning took XPO stock down to a two-month low.