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Category Archives: Capital Goods Sector

Harley-Davidson’s Downshift in Second-Quarter Retail Sales

Well ahead of estimates, Harley-Davidson’s second-quarter EPS rose 34%, to $1.62. The quarter’s upside was driven by a gross margin of 39.3%, up 240 basis points, exceeding estimates on increased volume and manufacturing efficiencies, price benefit and favorable mix, currency and raw materials Operating margin

Fortinet Expected to Deliver Solid Second Quarter Results

Solid results, slightly above expectations for billings, revenue and pro forma earnings per share, are expected from Fortinet, based on salesforce execution improvements, increasing traction in the enterprise market and comparison to last year being easy. Fortinet is expected to guide conservatively for third quarter

IAMGOLD Disappoints In Second Quarter, Reduces Guidance

With adjusted EPS of $0.196, which is lower than forecasts, IAMGOLD Corporation showed poor second quarter results. The difference was influenced by larger cash costs at Rosebel, as well as decreased production and larger costs at Essakane. Production stayed at 187 ounces at cost of

Analysts Expect Strong Quarter for HD Supply

Analysts expect HD Supply to post solid quarterly results, with predictions of an 8 to 9 percent organic sales growth rate, compared to the company’s guidance range of 5 to 10 percent, the Street’s consensus of 7.5 percent and a Q1 sales growth rate of

SPX Earnings above Estimates

SPX Corporation recently posted their second quarter results, which came in above estimates. Thus, the company reported earnings from continuing operations that were higher by $0.04 per share, namely at $0.80 compared to $0.76 the previous year, after making adjustments for purchase accounting costs of

Ringgit Declines to four-month low

Ringgit, out of Malaysia, fell to a four-month low based on the speculation of the Federal Reserve increasing the interest rate. In Kuala Lumpur, Ringgit declined 0.3 percent to 3.2280 per dollar. It reached to 3.2442 earlier, the lowest level since May 13. Bank Negara