RCI Hospitality Shares Jump

RCI Hospitality Shares Jump

Shares of RCI Hospitality Holdings rose to their highest level since early 2008 on Tuesday after the company reported late Wednesday fiscal Q3 results which improved year-over-year and beat the average of two analysts polled by Capital IQ. Adjusted earnings for the quarter ended June 30 was $0.47 per share, up from $0.34 per share a year earlier and above the $0.39 per share average forecast. Revenues rose 10.2% year-over-year […]

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Spirit Aerosystems Posts Q2 Beat

Spirit Aerosystems Posts Q2 Beat

Spirit Aerosystems Holdings shares were up 10%, on track to hit a new record high in regular trade, after the company reported early Wednesday financial results for Q2, with better-than-expected earnings and revenue; it also provided guidance for fiscal 2017 in line to above Street estimates. For the quarter ended June 29, the aircraft parts designer and manufacturer of commercial aero-structures posted adjusted earnings of $1.57 per share, compared with […]

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Lockheed Martin Awarded Contract

Lockheed Martin Awarded Contract

Aerospace and defense company Lockheed Martin has received an $86.5 million contract from the U.S. Navy and Air Force for Long Range Anti-Ship Missile (LRASM) production. The contract is the first production award for the air-launched variant of LRASM, and includes 23 missiles and engineering support. “This first production lot of LRASM brings a new level of capability to both the U.S. Air Force and the Navy,” said Mike Fleming, […]

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RBC Raises Comerica Price Target

RBC Raises Comerica Price Target

Comerica received a price-target increase from RBC Capital Markets after the financial-services company on Tuesday reported Q2 adjusted earnings per share above analysts’ expectations despite a slight revenue miss. The new price target from RBC is $82 per share, up from $78. In comparison, the stock closed Tuesday at $73.05, down 2.0% on the day. RBC kept its investment rating on the stock at outperform. RBC said its price-target boost […]

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JetBlue Airways June Traffic Rises

JetBlue Airways June Traffic Rises

JetBlue Airways reported that preliminary traffic for June increased 3.2% year-over-year, on a capacity increase of 4.0%. Load factor for June was 85.5%, a decrease of 0.7 points from June 2016. JetBlue’s preliminary completion factor was 97.5%, and its on-time performance was 60.6%. Q2 revenue per available seat mile (RASM) is expected to increase approximately 7% compared to Q2 of 2016. Q2 RASM was positively impacted by 1.25 points due […]

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