Caterpillar Q2 Results Top Estimates

Caterpillar Q2 Results Top Estimates

Caterpillar shares were 5% higher in Tuesday’s pre-market session after the heavy equipment manufacturer reported financial results for Q2 that topped analysts’ estimates and raised its full year guidance. Q2 adjusted net profit was $1.49 per share, up from $1.09 per share in the prior year period and came in higher than the $1.26 per share Street estimate provided by Capital IQ. Revenues were $11.33 billion, up from $10.34 billion […]

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ProLogis Tops Q2 Estimates

ProLogis Tops Q2 Estimates

ProLogis shares were up over 1% pre-market Tuesday after the company said Q2 net earnings fell to $0.50 per share from $0.52 in the year-ago period but topped the CapIQ mean for $0.44. Core funds from operations rose to $0.84 per share from $0.40 last year. FFO was expected at $0.78 and adjusted FFO at $0.68. Sales rose to $766 million from $602 million a year ago and beat forecasts […]

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I.D. Systems Prices Public Offering

I.D. Systems Prices Public Offering

I.D. Systems has priced a $15 million underwritten public offering consisting of 2,608,695 shares of common stock at a price per share of $5.75, equal to a 3.4% premium relative to the stock’s Tuesday closing price. The company, which produces wireless asset management systems for industrial trucks, rental vehicles, and transportation assets, expects to receive net proceeds of approximately $14.2 million. It said it intends to use the net proceeds […]

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Dover Target Price Raised by RBC

Dover Target Price Raised by RBC

Dover received a slight price-target increase from RBC Capital Markets as the firm said its expectations have increased for the manufacturer of equipment and components to divest part or all of its energy segment. RBC also said it sees oil-services company Halliburton (HAL) as being at the top of the short list of potential suitors given its desire to expand in artificial lift. Shares of Halliburton rose 1.0% to $43.30 […]

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ConocoPhillips Sells Barnett Assets

ConocoPhillips Sells Barnett Assets

Oil and gas company ConocoPhillips (COP) has agreed to sell its interests in the Barnett to an affiliate of Miller Thomson & Partners LLC for $305 million. Proceeds from the deal will be used for general corporate purposes. Full-year 2016 production associated with the Barnett assets was 11,000 barrels of oil equivalent per day (MBOED), of which approximately 55% was natural gas and 45% was natural gas liquids. Year-end 2016 […]

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