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Magna (MGA) Q3 Earnings & Revenues Beat Estimates, Up Y/Y

2017-11-10 zacks
Magna International Inc. (MGA - Free Report) reported third-quarter 2017 earnings per share of $1.36, surpassing the Zacks Consensus Estimate by a couple of cents. The bottom line also improved 5.4% from $1.29 recorded in the same period of 2016. Revenues increased 7.4% year over year to $9.5 billion. The top line also surpassed the Zacks Consensus Estimate of $9.05 billion. The quarter witnessed a 55% increase in complete vehicle assembly sales, reflecting the launch of BMW 5-Series at its assembly facility in Graz, Austria. (38-0)

Toyota's (TM) Q2 Operating Income Rises Y/Y, Revenues Top

2017-11-08 zacks
Toyota Motor Corporation’s (TM - Free Report) operating income rose 10% to ¥522 billion ($4.7 billion) in second-quarter fiscal 2018 (ended Sep 30, 2017). Also, the Japanese automaker reported net income of ¥481 billion ($4.3 billion) in the quarter, up 17.1% from the year-ago period. Consolidated revenues increased 7% year over year to ¥7.14 trillion ($64.36 billion) in the quarter. The top line surpassed the Zacks Consensus Estimate of $63. (89-0)

Zacks.com featured highlights: BorgWarner, PG&E, Teradyne, TransUnion and CBRE Group

2017-11-08 zacks
Chicago, IL – November 8, 2017 - Stocks in this week’s article BorgWarner Inc. (BWA - Free Report) , PG&E Corporation (PCG - Free Report) , Teradyne, Inc. (TER - Free Report) , TransUnion (TRU - Free Report) and CBRE Group, Inc. (CBG - Free Report) . (118-0)

Solid Sales Growth Makes These 5 Stocks Worth Buying Now

2017-11-07 zacks
Sales growth is an important measure for any company, as it is vital to growth projections and strategic decision making. By monitoring this key metric over multiple time periods, one can clearly understand a company’s growth trend. Sales growth is essential to justify the expenses incurred to operate a business. Low revenues lead to an unprofitable business and dismal financial performance. Stagnant companies may generate near-term profit but cannot generate enough growth to attract new investors. (44-0)

Tesla's (TSLA) Q3 Earnings Miss Estimates, Revenues Grow

2017-11-02 zacks
Tesla, Inc.’s (TSLA - Free Report) incurred adjusted loss of $2.92 per share in third-quarter 2017, wider than the Zacks Consensus Estimate of a loss of $2.45. The company had reported earnings of 70 cents per share in the prior-year quarter. The reported net loss in the quarter was $671.2 million compared with the year-ago net income of $21.9 million. Revenues increased to $2.98 billion from $2.30 billion registered in third-quarter 2016. (24-0)

Honda (HMC) Drives Past Q2 Earnings and Revenue Estimates

2017-11-01 zacks
Honda Motor Co., Ltd. (HMC - Free Report) reported consolidated income of ¥174 billion ($1.54 billion) or ¥96.6 per share (86 cents per ADR) in the second quarter of fiscal 2018 (ended Sep 30, 2017). Earnings per share surpassed the Zacks Consensus Estimate of 49 cents.   Consolidated sales revenues increased 15.7% year over year to ¥3.78 trillion ($33.5 billion). The figure surpassed the Zacks Consensus Estimate of $31. (26-0)

Cummins (CMI) Q3 Earnings Beat Estimates, Outlook Raised

2017-10-31 zacks
Cummins Inc. (CMI - Free Report) reported earnings of $2.71 per share in the third quarter of 2017, was up from $2.02, earned in the year-ago quarter. Also, the bottom line surpassed the Zacks Consensus Estimate of $2.47. Net income rose to $453 million from $289 million in the third quarter of 2016. Revenues improved 26.2% year over year to $5.29 billion in the reported quarter. This figure also outpaced the Zacks Consensus Estimate of $4. (62-0)

Cooper Tire & Rubber (CTB) Q3 Earnings Beat, Revenues Miss

2017-10-30 zacks
Cooper Tire & Rubber Co. (CTB - Free Report) posted earnings of $1.18 per share in the third quarter of 2017, beating the Zacks Consensus Estimate of 85 cents. Also, earnings came in higher than the year-ago quarter figure of 90 cents. Net income came in at $62 million compared with $49 million in the third quarter of 2016. Cooper Tire registered net sales of $734 million, missing the Zacks Consensus Estimate of $788 million as well the year-ago revenues of $751 million. (33-0)

Tenneco (TEN) Q3 Earnings & Revenues Beat Estimates, Up Y/Y

2017-10-30 zacks
Tenneco Inc. (TEN - Free Report) reported third-quarter 2017 results, wherein adjusted earnings per share came in at $1.67, surpassing the Zacks Consensus Estimate of $1.59. The company’s bottom line also improved from the prior-year quarter’s figure of $1.53. Tenneco’s adjusted net income in the third quarter was $88 million, whereas third-quarter 2016 net income was $85 million. The company recorded quarterly revenues of $2. (36-0)

Goodyear (GT) Q3 Earnings Beat Estimates, Down 39.3% Y/Y

2017-10-27 zacks
The Goodyear Tire & Rubber Company (GT - Free Report) reported 39.3% decrease in adjusted earnings per share to 71 cents in third-quarter 2017 from $1.17, recorded a year ago. However, the bottom line surpassed the Zacks Consensus Estimate of 67 cents. Adjusted net income declined to $177 million from $310 million in third-quarter 2016. Revenues in the reported quarter were $3.92 billion, marginally ahead of the Zacks Consensus Estimate of $3. (28-0)

BorgWarner (BWA) Q3 Earnings & Revenue Beat Estimates

2017-10-26 zacks
BorgWarner Inc. (BWA - Free Report) is a leading manufacturer of powertrain products for major automakers. Its products include four-wheel-drive and all-wheel-drive transfer cases (primarily for light trucks and sport utility vehicles), as well as automatic transmission and timing chain systems. These products are produced and sold worldwide, primarily to original equipment manufacturers. BorgWarner is poised to benefit from strong demand, global expansion, capital deployment and restructuring of the Drivetrain segment. (17-0)

Auto Stocks Reporting Q3 Earnings on Oct 26: F, LKQ, BWA

2017-10-25 zacks
With several companies releasing their quarterly results in a row, a few automakers, namely Harley-Davidson, Inc. (HOG - Free Report) , General Motors Company (GM - Free Report) and PACCAR, Inc. (PCAR - Free Report) also recently reported third-quarter figures. While Harley-Davidson’s earnings per share came in line with the Zacks Consensus Estimate, both General Motors’ and PACCAR’s bottom lines beat the estimates. (24-0)

BorgWarner (BWA) to Report Q3 Earnings: What's in Store?

2017-10-24 zacks
BorgWarner Inc. (BWA - Free Report) is set to release third-quarter 2017 results, before the market opens on Oct 26. Last quarter, the company delivered a positive earnings surprise of 7.9%. In fact, the company delivered a positive earnings surprise in each of the trailing four quarters, with an average beat of 4.7%. Let’s see how things are shaping up for the upcoming announcement. (22-0)

BorgWarner's (BWA) Advance R2S Technology Raises Performance

2017-10-19 zacks
BorgWarner Inc. (BWA - Free Report) is coming up with regulated two-stage (R2S) turbocharger for the 2.9-liter six-cylinder diesel engine OM 656 of Daimler. This latest turbocharging technology improves engine performance and offers better fuel economy. Also, the R2S technology lowers emission level and improves exhaust gas recirculation rates. Michigan-based BorgWarner is a leading manufacturer of powertrain products for major automakers. (56-0)

Top Ranked Momentum Stocks to Buy for October 18th

2017-10-18 zacks
Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 18th: (21-0)

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