Landstar System Up Slightly in Late Trade After Topping Q3 Earnings Expectations; Q4 EPS Outlook Also Beats Street View

Landstar System Up Slightly in Late Trade After Topping Q3 Earnings Expectations; Q4 EPS Outlook Also Beats Street View

Landstar System Inc. (LSTR) was edging higher in Wednesday late trading after the trucking and logistics company tonight reported Q3 net income of $0.86 per share, down from $0.90 per share during the same quarter last year but still beating the Capital IQ consensus by $0.05 per share. Revenue for the three months ended Sept. 30 declined % from year-ago levels to $788 million, better than the $777.4 million Street […]

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Horizon Bancorp Unveils 3-for-2 Stock Split

Horizon Bancorp Unveils 3-for-2 Stock Split

Horizon Bancorp (HBNC), a commercial bank holding company, declared a 3-for-2 stock split on Horizon’s authorized and outstanding shares of common stock. Shareholders of record as of the close of business on Oct. 31, the record date, will be entitled to receive an additional half share for each share of common stock held. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would […]

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Late Bounce Trims Health Care Sector Declines

Late Bounce Trims Health Care Sector Declines

Health care stocks struggled throughout Friday’s session, with the NYSE Health Care Index slumping almost 0.5% while shares of health care companies in the S&P 500 were down nearly 0.8% as a group. In company news, Allscripts Healthcare Solutions (MDRX) declined Friday after the provider of technology and financial services to health care companies late yesterday disclosed a deal to acquire CarePort, a provider of post-acute outcomes management. Financial terms […]

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Stock Indexes Close Mostly Lower Friday as Telecoms Sell Off, General Electric Declines

Stock Indexes Close Mostly Lower Friday as Telecoms Sell Off, General Electric Declines

Stock indexes closed mostly lower on Friday as the telecom sector bore the brunt of selling. Telecoms declined as AT&T (T) dropped on rumors of a Time-Warner (TWX) acquisition, taking down shares of Sprint (S) and Dow Jones component stock Verizon (VZ) in sympathy. General Electric (GE) declined after reporting a miss on earnings and revenues Friday. Strong earnings, however, from Microsoft (MSFT) and McDonald’s (MCD) failed to compensate for […]

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Oil Prices Head South as Greenback Gains, WTI Trading Around $51 Per Barrel

Oil Prices Head South as Greenback Gains, WTI Trading Around $51 Per Barrel

West Texas Intermediate (WTI) crude oil futures for delivery in December were 1.4% lower at $51.08 per barrel during Thursday’s pre-market trading session while Brent oil futures for delivery in the same month were down by 1.5% at $51.85 per barrel. The pre-bell price declines partially erase gains recorded on Wednesday after government data showed that inventories of oil contracted by more than expected. It also coincides with an increase […]

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