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CSX Announces Record First Quarter Results

East-coast rail and intermodal carrier CSX Corp. (NASDAQ: CSX - $59.78) said its profit in the first quarter doubled while revenue held steady showing that the railroad's cost cuts and turnaround plan is gaining traction. The company reported adjusted earnings of $695 million, or $0.78 a share, up from $362 million, or $0.39 a year earlier. CSX’s operating ratio for… Continue reading CSX Announces Record First Quarter Results

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JPMorgan Chase Posts Strong Results

New York money-center bank JPMorgan Chase & Co. (NYSE: JPM - $111.43) said its quarterly profit surged 35% to an all-time high, as a strong economy and nearly a quarter-billion dollars in tax savings boosted results. The bank's total revenue rose 12% to 27.91 billion and the nation’s largest bank by assets, reported an adjusted… Continue reading JPMorgan Chase Posts Strong Results

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Delta Releases Solid Results; Outlook Disappoints

Shares of Delta Air Lines (NYSE: DAL - $53.19) are climbing about 3% after the Atlanta-based air carrier beat first-quarter profit and sales expectations, despite a somewhat downbeat revenue growth outlook for the year. Excluding special items, adjusted earnings per share came in at $0.74, a penny above consensus estimates. Adjusted operating expenses for the… Continue reading Delta Releases Solid Results; Outlook Disappoints

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Looking at Dividends

Examining corporate payouts over the past year, higher stock prices have taken a toll on yields. However, as seen below, many companies have kept up their distribution pace commensurate with earnings growth and solid cash flows and, thus, rewarding investors with handsome dividends. The average dividend yield for the S&P 500 is about 1.85% at… Continue reading Looking at Dividends

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Harris Announces New Navy Contract

Harris Corp. (NYSE: HRS - $156.74) said it has been awarded a $161 million contract modification to supply the next production lot of electronic jammers to protect U.S. Navy and Australian F/A-18 Hornet and Super Hornet aircraft against electronic threats. Harris will manufacture and deliver Integrated Defensive Electronic Countermeasures jammers for the F/A-18C/D/E/F variants, with… Continue reading Harris Announces New Navy Contract

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Jabil Posts Better-then-Expected Results; Improves Guidance

Electronics manufacturer and Apple supplier Jabil, Inc. (NYSE: JBL - $30.96) reported second quarter earnings of $0.66 per share, better than the analyst consensus of $0.62, and up from $0.48 per share last year. Revenue rose to $5.3 billion, ahead of the Street view of $4.91 billion, and a 19.2% increase over the $4.44 billion posted in the year ago quarter. Revenue… Continue reading Jabil Posts Better-then-Expected Results; Improves Guidance

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Newmont Beats Earning’s Estimates; Raises Dividend

Gold and copper producer Newmont Mining Corp. (NYSE: NEM - $38.33) reported a better-than-expected quarterly adjusted profit of $0.40 per share, above analysts' average forecast of $0.38 and 60% better than last year’s fourth quarter. Revenue rose eight percent to $1,935 million, on increased sales volumes and higher average realized gold prices. Operating cash flow rose to… Continue reading Newmont Beats Earning’s Estimates; Raises Dividend