FBR Capital Cuts Price target on Ryder System (R) to $115 Following 3Q Pre-Announcement
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After-Hours Movers 10/12: (AMGN) Higher; (FMC) (COLL) (R) Lower (more...)
October 12, 2015 5:53 PM EDT
FMC Corp. (NYSE: FMC) 9.5% LOWER; announced that, due to the recent rapid devaluation of the Brazilian real, the company is reducing third-quarter and full-year outlook for its Agricultural Solutions segment. The company expects third-quarter segment earnings of $59 million and fourth-quarter segment earnings to be in the range of $110 to $130 million. Assuming an adjusted tax rate of 27 percent, adjusted earnings are expected to be $0.38 per share for the third quarter and in the range of $2.35 to $2.45 per share for the full year. *** The Street sees Q3 EPS of $0.63 and... More
Market Wrap: Dell Makes it Official with EMC; Lilly Hit on Drug Halt; Ferrari IPO Revs up
October 12, 2015 5:20 PM EDTMarket wrap for October 12th
End of the Day: S&P 500 up 2.6 to 2,017.46; Dow Jones up 47.4 to 17,131.86; Nasdaq up 8.2 to 4,838.64
Market Brief: Dell moved to acquire EMC in a deal valued around $67 billion.
Fiat is moving forward with its IPO for Ferrari.
Lilly hit amid plans to discontinue evacetrapib development.
Magnum Hunter is going to look at alternatives.
Gold rose 1.0 percent to $1,115.90 per ounce and oil fell 5.3 percent to $49.86 per barrel.
* Michael S. Dell, founder,... More
Ryder System (R) Cuts Q3, FY15 EPS Outlook
October 12, 2015 4:18 PM EDTRyder System (NYSE: R) revised its earnings guidance for the third quarter and full-year 2015 due to lower than expected earnings growth in its Fleet Management Solutions (FMS) business segment. The revision is due to a temporary execution issue, related to record fleet growth, which the Company expects to resolve during the fourth quarter, and less robust demand conditions in used vehicle sales. Performance in Ryders Dedicated Transportation Solutions (DTS) and Supply Chain Solutions (SCS) business segments is expected to remain generally in line with the Companys previous forecast.
Commercial rental demand... More
Fitch Affirms Ratings on Ryder System (R) Following Review; Outlook Remains Stable
October 12, 2015 3:18 PM EDTFitch Ratings has affirmed the Long-term Issuer Default Rating (IDR) and Short-term IDR for Ryder System, Inc. (Ryder) (NYSE: R) at 'A-' and 'F2, following the completion of its fleet leasing peer review. The Rating Outlooks is Stable. A complete list of rating actions follows at the end of this release.
KEY RATING DRIVERS
IDRs AND SENIOR DEBT
The rating affirmation reflects Ryder's established market position in the truck leasing business, growing market share in the logistics and supply chain solutions (SCS) business, relatively consistent operating performance through market cycles, adequate leverage, strong liquidity,... More
