Author: Yarhow_Finance Online News

Meritor (MTOR) Earnings Surpass Estimates in Q1, Rise Y/Y

Shares of Meritor, Inc. MTOR have gained 9.9% in a day’s trading, following the first-quarter fiscal 2019 (ended Dec 31, 2018) earnings release. During the reported quarter, the company recorded adjusted earnings of 79 cents per share compared with 62 cents a year ago. The figure surpassed the Zacks Consensus Estimate of 60 cents. Adjusted… Continue reading Meritor (MTOR) Earnings Surpass Estimates in Q1, Rise Y/Y

PACCAR (PCAR) Q4 Earnings Surpass Estimates, Revenues Rise

PACCAR Inc.’s PCAR fourth-quarter 2018 earnings were $1.65 per share, surpassing the Zacks Consensus Estimate of $1.57. Results were aided by quality products and services, record heavy-duty truck market share in Europe, strong global truck markets, and solid aftermarket parts’ results. Earnings per share in the prior-year quarter were $1.67. Excluding the one-time tax benefits,… Continue reading PACCAR (PCAR) Q4 Earnings Surpass Estimates, Revenues Rise

Harley-Davidson (HOG) Q4 Earnings and; Revenues Miss Estimates

Harley-Davidson, Inc.’s HOG adjusted earnings per share broke even in fourth-quarter 2018, which missed the Zacks Consensus Estimate of 17 cents. In the prior-year quarter, the figure was 54 cents. The company’s net income was $0.5 million compared with $8.3 million registered a year ago. Revenues from the Motorcycle and Related Products segment declined 8.7%… Continue reading Harley-Davidson (HOG) Q4 Earnings and; Revenues Miss Estimates

French group Faurecia to launch tender offer for Clarion acquisition

PARIS (Reuters) – French car parts company Faurecia said it would launch on Jan. 30 its tender offer to buy out Japanese car navigation system maker Clarion as part of its previously announced $1.3 billion (£989.12 million) takeover of Clarion from Hitachi. The Clarion takeover is the latest in a flurry of deals among car… Continue reading French group Faurecia to launch tender offer for Clarion acquisition

China’s Didi, BAIC set up joint venture to work on NEV projects

BEIJING (Reuters) – China’s Didi Chuxing said it had set up a joint venture (JV) with Beijing Electric Vehicle Co., a unit of state-owned BAIC, to work on new energy vehicle and artificial intelligence projects. The JV, BAIC-Xiaoju New Energy Auto Technology Co. Ltd, aims to develop “next-generation connected-car systems”, Didi, China’s largest ride-hailing operator,… Continue reading China’s Didi, BAIC set up joint venture to work on NEV projects

Linamar Announces TSX Approval of Normal Course Issuer Bid

GUELPH, ON , Jan. 25, 2019 /CNW/ – Linamar Corporation (“Linamar” or the “Company”) (LNR.TO) today announced the Toronto Stock Exchange (the “TSX”) has approved the Company’s notice of intention to commence a Normal Course Issuer Bid (the “Bid”). “We are initiating this NCIB in recognition of what we believe is a significant level of… Continue reading Linamar Announces TSX Approval of Normal Course Issuer Bid

Bosch bankers pitched IPO in funding review, no listing planned – sources

By Arno Schuetze and Ilona Wissenbach FRANKFURT (Reuters) – Robert Bosch [ROBG.UL], the world’s largest car parts maker, discussed the merits of a potential stock market floatation with investment bankers as part of a broader funding review, but has chosen to remain unlisted, people close to the matter said. Bosch managers invited several bankers to… Continue reading Bosch bankers pitched IPO in funding review, no listing planned – sources