KeyCorp Impresses as Revenue Jumps Year Over Year
KeyCorp earned $229 million, or $0.25 per diluted share, for the third quarter, up from $211 million, or $0.22 per diluted share, for the same period in 2012. Non interest income grew to $459 million from $429 million in the previous quarter. Reported net interest was $584 million, flat with the previous quarter. Net interest margins declined, falling 12 basis points to 3.11% as earning … Continue reading KeyCorp Impresses as Revenue Jumps Year Over Year
Piper Jaffray Posts Strong Earnings from Acquisitions
Piper Jaffray Companies reported net income applicable to common shareholders of $4.8 million, or $0.33 per diluted share, on $128 million of net revenue for the third quarter of 2013. If $5 million of acquisition-related costs and the results of discontinued operations are excluded, then the company would have reported pro forma earnings per diluted share of $0.57. We are maintaining our current Morningstar economic … Continue reading Piper Jaffray Posts Strong Earnings from Acquisitions
Heartland Sees Revenue Declines of 3% in Quarter
Heartland’s third-quarter consolidated top line fell 3% year over year, while revenue before fuel surcharges declined 4%; slightly behind our expected run rate for the full-year 2013. Management indicated that rates improved, but “inconsistent” freight demand, limited driver availability, and the government’s recently revised hours-of-service rules weighed on tractor utilization. We expect these factors to be a common theme reported by most truckload carriers for … Continue reading Heartland Sees Revenue Declines of 3% in Quarter
The mystery behind Google barges
Mysterious barges appeared in the ocean near Google's basement. The software giant said nothing about the strange construction, until now. See what is behind the barges!Read More >> Continue reading The mystery behind Google barges
World's larges video rental closed
Blockbuster has closed its gates. The video business is dead. But what is the history behind the scenes? And what is the next step in related fields?Read More >> Continue reading World's larges video rental closed
Caltex Reports Significant First Half Declines
Caltex reported a 13% decline in first-half 2013 replacement cost net profit to AUD 171 million, in line with expectations. Revenue fell 2.5% to AUD 23.6 billion due to lower sales volumes and lower average prices. Marketing and distribution earnings before interest and tax, or EBIT, was in line with the record first-half 2012 result of AUD 367 million, as lower sales were favourably offset … Continue reading Caltex Reports Significant First Half Declines
