Earnings News Updates

BusinessLogistics

Target Tempers Strong Q4 With Cautious Forecast

Target Corp. turned in a strong fourth-quarter performance but offered a cautious financial forecast for this year as the retailer contends with shaky demand for discretionary goods.

February 28, 2023
BusinessTechnology

Nikola Earnings Show Revenue Miss, Weak Electric Truck Delivery Forecast

Nikola Corp. posted an earnings loss amid efforts to expand the business during the fourth quarter of 2022, the company reported Feb. 23.

February 23, 2023
BusinessLogistics

Trucking Industry Grapples With Q4 Slowdown

Motor carriers experienced a financial slowdown in the final months of 2022, as trends that indicate a return to normalized levels of business for the year ahead took hold, industry analysts said.

February 23, 2023
BusinessTechnology

Stellantis Earnings Rise as EV Push Drives Sales

AMSTERDAM — Automaker Stellantis on Feb. 22 reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales.

February 22, 2023
BusinessTechnologyLogisticsTop 100

XPO’s Mario Harik Touts Strong Q4, Full-Year Performance

XPO Inc. CEO Mario Harik on Feb. 8 discussed how his company reached over a billion dollars in revenue during the fourth quarter despite a business spinoff and softening freight market.

February 9, 2023
BusinessEquipment

Nissan Reports Better Profit as Chip Crunch Eases

TOKYO — Nissan reported a 55% jump in its October-December profit on Feb. 9, as the Japanese automaker gears up for a less-bumpy journey with its French alliance partner Renault.

February 9, 2023
Business

Toyota Keeps Conservative Profit View as CEO Transition Looms

Toyota Motor Corp. posted third-quarter profit that topped estimates, but kept its conservative outlook for the year intact.

February 9, 2023
BusinessTechnologyEquipmentFuel

Paccar Reports Strong Q4 Revenue, Income

Paccar Inc. beat market expectations for fourth-quarter earnings Jan. 24, aided by strong demand for its trucks from customers looking to replace older, outdated vehicles.

January 25, 2023
BusinessGlobal Freight

Union Pacific Profit Disappoints After Costly Winter Storms

Union Pacific Corp. reported fourth-quarter profit that missed analysts’ estimates as disruptions from winter storms drove up costs.

January 24, 2023
BusinessFor-HireGlobal Freight

FedEx Profit Tops Estimates as Higher Prices Offset Decline in Shipments

FedEx Corp. on Dec. 20 reported fiscal-year, second-quarter income that beat Wall Street expectations and revenue that fell below expectations.

December 21, 2022