Latest news with #revenue
Yahoo
14 hours ago
- Business
- Yahoo
Railroad operator Norfolk Southern's quarterly profit rises
(Reuters) -Norfolk Southern reported a rise in its second-quarter profit on Tuesday, aided by higher revenue from improved East Coast railroad operator's quarterly profit rose to $3.29 per share, from $3.06 per share a year earlier.
Reuters
14 hours ago
- Business
- Reuters
Railroad operator Norfolk Southern's quarterly profit rises
July 29 (Reuters) - Norfolk Southern (NSC.N), opens new tab reported a rise in its second-quarter profit on Tuesday, aided by higher revenue from improved volumes. The East Coast railroad operator's quarterly profit rose to $3.29 per share, from $3.06 per share a year earlier.
Yahoo
14 hours ago
- Business
- Yahoo
Royal Caribbean (RCL) Reports Earnings Tomorrow: What To Expect
Cruise vacation company Royal Caribbean (NYSE:RCL) will be reporting earnings this Tuesday before market open. Here's what you need to know. Royal Caribbean met analysts' revenue expectations last quarter, reporting revenues of $4.00 billion, up 7.3% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts' EPS estimates. It reported 13.77 million passenger cruise days, up 4.7% year on year. Is Royal Caribbean a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Royal Caribbean's revenue to grow 10.6% year on year to $4.55 billion, slowing from the 16.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.08 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Royal Caribbean has missed Wall Street's revenue estimates four times over the last two years. Looking at Royal Caribbean's peers in the travel and vacation providers segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Carnival delivered year-on-year revenue growth of 9.5%, beating analysts' expectations by 1.7%, and Delta reported flat revenue, topping estimates by 1.5%. Carnival traded up 5.9% following the results while Delta was also up 11.9%. Read our full analysis of Carnival's results here and Delta's results here. There has been positive sentiment among investors in the travel and vacation providers segment, with share prices up 10.3% on average over the last month. Royal Caribbean is up 12.7% during the same time and is heading into earnings with an average analyst price target of $324.63 (compared to the current share price of $352.98). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
14 hours ago
- Business
- Yahoo
Railroad operator Norfolk Southern's quarterly profit rises
(Reuters) -Norfolk Southern reported a rise in its second-quarter profit on Tuesday, aided by higher revenue from improved East Coast railroad operator's quarterly profit rose to $3.29 per share, from $3.06 per share a year earlier. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Spotify shares fall by 8% premarket as current-quarter guidance misses estimates
- Spotify (NYSE:SPOT) has guided for current-quarter earnings and revenue below analysts' estimates, as the streaming music giant flagged the impact of negative currency effects and elevated payroll expenses. Analysts have been keeping close tabs on the company's profitability after it spent years focusing on bolstering user figures. But Spotify has been grappling with increased costs, especially around personnel, with charges related to share-based compensation in its second quarter coming in at 115 million euros. Spotify said the charge was 98 million euros above its initial forecast. Taxes tied to higher salaries and benefits have weighed on returns following a jump in Spotify's stock price -- which has spiked by more than 53% so far this year. Shares of Spotify dropped by more than 9% in premarket U.S. trading on Tuesday. Despite recent cost-cutting initiatives, operating expenses in the second quarter increased by 8% versus a year ago, partially offsetting double-digit improvement in revenues at Spotify's premium product segments. Overall revenues for the quarter grew by 10% year-over-year to 4.19 billion euros, missing Bloomberg consensus forecasts of 4.27 billion euros. Operating income of 406 million euros was also below projections of 490.3 million euros. For its third quarter, operating income is seen at 485 million euros on total revenue 4.2 billion euros, both disappointing Wall Street expectations. Still, Spotify anticipates higher-than-expected monthly active users of 710 million during the period, while the group said it remains well positioned to "deliver growth" and improved margins in 2025. Related articles Spotify shares fall by 8% premarket as current-quarter guidance misses estimates Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names Sign in to access your portfolio
