Posted by Geoff Seiler at 4:45PM on September 1st
September started out on the right foot after a difficult August, with stocks rallying across the board. A relatively weak ADP jobs report and poor car sales were shrugged off, as two separate manufacturing reports showed surprising strength both in…
Posted by Owen Vater at 3:19PM on September 1st
Joy Global (JOYG) spiked by 5% on Wednesday after beating third-quarter EPS expectations and guiding higher for the full-year 2010. For the quarter, the company earned $118.5 million, or $1.13 per share, compared to $124.3 million, or $1.21 per share, in…
Posted by Owen Vater at 11:37AM on July 1st
Automated irrigation-focused Lindsay Corporation (LNN) helped machine stocks move higher on Wednesday.
Before the bell this morning, Omaha-based Lindsay Corporation released better-than-expected third-quarter numbers. The company earned $5.3 million, or 42 cents a share, on $84.6 million in revenue in the three…
Posted by Max Magee at 1:10PM on April 9th
Heavy machinery stocks rallied Thursday after Caterpillar (CAT) contradicted analyst pessimism.
The heavy equipment industry has been hurt badly by the global economic slowdown as the demand for construction grew weak and commodities prices plummeted. While most companies remain far from their…
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