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Landstar’s 4Q Profit Outlook Tops Estimates; Street Sticks To Hold

Landstar System provided a 4Q outlook that topped Wall Street estimates fueled by stronger-than-expected quarterly results in the third quarter. Landstar (LSTR) expects …

American Airlines Posts $2.4B Quarterly Loss; Street Sees 22% Downside

American Airlines posted a $2.4 billion quarterly loss as the pandemic-induced travel halt put a dent on its peak summer season.

CSX Approves $5B Share Buyback; Shares Gain 4%

Shares of CSX Corp. are up about 4.

AutoNation Beats 3Q Estimates As Demand Rebounds; Shares Rise

AutoNation posted stellar earnings for the third quarter as consumers resumed buying cars in a bid to avoid public transportation amid the pandemic. …

STMicroelectronics To Top 2020 Sales Guidance After Quarterly Blowout

STMicroelectronics outperformed quarterly sales expectations driven by a rise in demand for microcontrollers and automotive products and “significantly” better-than-expected market conditions. Shares are …

Sun Life Financial To Snap Up 51% Stake In Crescent For $338M

Sun Life Financial plans to buy a 51% majority stake in alternative credit investment manager Crescent Capital for up to $338 million. Canadian …

Whirlpool Jumps 5% As Demand Recovery Fuels 3Q Sales Beat

Shares of Whirlpool Corp. soared 4.

Chipotle Falls 4% As Delivery Costs Drag Down 3Q Earnings

Shares of Chipotle Mexican Grill fell 3.8% in the extended trading hours on Wednesday even after the company’s third-quarter results beat analysts’ expectations.

Lam Research’s 1Q Sales Soar 47% On Strong Chip Demand

Lam Research Corp. reported stronger-than-expected 3Q results as revenues jumped 47% to $3.

Evercore Hikes Dividend After Profit Beat; Shares Rise 6%

Shares of Evercore Partners gained about 6% on Wednesday after the investment banking company’s 3Q EPS of $1.11 outpaced analysts’ estimates of $0.

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