Regional Banks Report Positive Q4 Earnings
Zacks Investment Research | Jan 18, 2018 10:26PM ET
Friday, January 19, 2018 For this column, even though there is a chance the U.S. government may shut down today, we will not wade into those waters at this time. Instead, we will let D.C. be D.C. After all, even if the government does shut down, it doesn’t take away the positive results we’ve seen overall so far in Q4 earnings season. Yesterday after the bell we saw good Q4 headlines from companies of diverse industries, from Big Tech play IBM (NYSE:IBM) to Transportation’s Canadian Pacific (NYSE:CP) . Although the devil is in the details for IBM in the quarter just passed, we still see beats on the top and bottom lines and growth year over year. Another transportation firm, Kansas City Southern (NYSE:KSU) , has this morning topped the Zacks consensus earnings estimate by 2 cents to $1.38 per share. The railway major narrowly missed the analyst consensus on quarterly revenues, however, to $660.4 million. Operation income was up in the quarter, though operating ratio was slightly down year over year. Questions or comments about this article and/or its author? Click here>> Zacks’ Best Private Investment Ideas
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