Recent Earnings

CIT Reports Q3 Earnings Boosted by Tax Benefits

CIT Group reported Q3/15 earnings were $697 million compared to earnings of $515 million in Q3/14. CIT noted earnings for the current and year-ago quarters included $647 million and $375 million, respectively of income tax benefits. read more

Hyster-Yale Reports Lower Q3 Earnings Despite Shipment Increase

Hyster-Yale reported Q3/15 net income and revenues were down from the same quarter in 2014. Despite an increase in year/year shipments, the company said revenues were hurt by a shift in sales mix to lower-priced trucks. read more

PACCAR Q3 Earnings Second Highest in History

PACCAR reported Q3/15 earnings of $431.2 million was up 16% compared to the same period in 2014 and noted it was the second best quarter in the company’s 110-year history. read more

PACCAR Financial Reports Strong Results on Portfolio Performance

PACCAR reported that its Financial Services unit achieved strong profits during Q3/15 and first nine months of 2015 due to excellent portfolio performance. read more

GATX Reports Lower Q3 Earnings on Marine Exit Strategy

GATX reported Q3/15 earnings of $39.5 million was down from $51.3 million a year earlier primarily as a result of an after-tax loss of $26.6 million related to the company¡¯s decision to exit the majority of its marine investments. read more

Snap-on Reports Higher YTD Revenue, Operating Earnings & Volume for Finance Unit

In its Q3/15 report new release on earnings, Snap-on said its finance unit year-to-date revenues, operating earnings and net additions to its finance receivables were higher compared to the same period one year ago. read more

TCF Reports Q3 Y/Y Equipment Finance Revenue Up 11.4%

TCF Financial reported Q3/15 leasing and equipment finance revenue of $27.2 million was up 11.4% from $24.4 million a year earlier. read more

Cat Financial Q3 New Business Volume Falls 9%, Profits Down 12%

Cat Financial reported Q3/15 revenues of $653 million, profit of $109 million and retail new business volume of $2.86 billion in Q3/15, all marked decreases from the same period last year. read more

Volvo Group Reports Decline in New Financing Volume

In its Q3 earnings report, the Volvo Group reported that new financing volume was $1.57 billion, down from $1.6 billion. In addition, order intake in the trucking sector decreased by 15% and construction equipment volumes fell by 25%. read more

Caterpillar Q3 Profit Off 64%, Outlook Lowered

Caterpillar reported its Q3/15 profit of $368 million was down 64% from $1.02 billion a year earlier. In its outlook for 2016, the machinery maker said sales and revenue are expected to be about 5% below 2015. read more

Regions Q3 Earnings Off on Higher Non-Interest Expense

Regions Financial reported Q3/15 earnings of $246 million, down 17% from $297 million a year earlier. The bank noted non-interest expense was up $69 million compared to Q3/14. read more

GE Reports $126B of Signed Dispositions, Will Close $100B by YE

GE noted in its recent Q3/15 earnings report that it signed $126 billion of dispositions, ahead of plan and on track for goal of closing about $100 billion by year-end. read more

U.S. Bancorp Reports Higher Q3 Earnings, Record EPS

U.S. Bancorp reported Q3/15 earnings of $1,489 million was up from $1,471 million a year earlier. The bank’s Q3/15 EPS of $0.81 met analysts’ expectations and was a record achievement. read more

KeyCorp Reports 10% Increase in Q3 Earnings on Higher Revenues

KeyCorp said Q3/15 net income from continuing operations of $216 million was up 10% from $197 million a year earlier. Revenue of $1,068 million was up from $998 million in Q3/14. read more

PNC Beats the Street, Despite Lower Revenue, Higher Provisions

PNC Financial reported Q3/15 net income of $1.1 billion was up from $1.0 billion a year earlier. EPS of $1.90 easily topped estimates of $1.72. read more

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