Global Courant 2023-04-21 02:31:05
A CSX freight train is seen in Orlando.
Paul Hennessey | Rocket | Getty Images
Check out the companies making headlines in extended trading.
CSX — Shares of the transportation company rose 2.6% after the company’s first-quarter earnings and revenue beat analysts’ expectations. CSX posted earnings of 48 cents per share and revenue of $3.71 billion. Analysts polled by Refinitiv had expected earnings of 43 cents per share on revenue of $3.58 billion.
Ridder-Swift Transport — Shares fell less than 1% after the trucking company reported a profit margin for the first quarter. The company reported adjusted earnings of 73 cents per share, while analysts estimated earnings per share at 81 cents, according to FactSet. However, the company’s revenue of $1.64 billion beat analyst expectations of $1.61 billion. Knight-Swift also lowered full-year EPS guidance for 2023.
W. R. Berkley — Shares of the commercial line insurer fell 2% after WR Berkley reported net premiums that fell short of analyst estimates, coming in at $2.49 billion versus expectations of $2.53 billion, according to FactSet. The company posted operating earnings per share of $1.00, compared to $1.10 per share a year ago.
PPG Industries —The paint manufacturer’s stock gained less than 1%. The company issued second-quarter guidance that beat analysts’ expectations, according to FactSet. PPG expects adjusted earnings to be $2.05 to $2.15 per share, compared to analyst estimates of $1.96 per share. PPG also gave a rosy outlook for the full year.
