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Omar Venerio
Omar Venerio
Articles (1321) 

World Capital Markets Lower on Friday

Greenbrier Companies posts upbeat estimates

U.S. markets are set to open in negative territory Friday, after a weaker-than-expected jobs report. Further, fears about the trade war persist.

Shares of The Greenbrier Companies Inc. (NYSE:GBX) lost ground on premarket trading on the heels of the company reporting its financial results for the second quarter. The company posted earnings per share of $1.02 on revenue of $629.34 million, registering a growth of 11.1% from the prior-year quarter. The company managed to beat estimates in earnings by 5 cents and by $16.59 million in revenue. Further, adjusted EBITDA for the quarter was $79.1 million, or 12.6% of revenue.

Looking ahead, Greenbrier expects for fiscal 2018, revenue will be between $2.4 and $2.6 billion and diluted earnings per share will be $5.00.

Gainers

• NetApp Inc. (NASDAQ:NTAP)

• Acuity Brands Inc. (NYSE:AYI)

• Coty Inc. (NYSE:COTY)

• Campbell Soup Co. (NYSE:CPB)

Losers

• Xilinx Inc. (NASDAQ:XLNX)

• Lennar Corp.​ (NYSE:LEN)

• Kohls Corp. (NYSE:KSS)

• Mosaic Co. (NYSE:MOS)

Global markets

The main European stock markets closed lower. The U.K.'s FTSE lost 0.02%, France's CAC retreated 0.05%, Germany's Dax slid 0.19% and Spain's Ibex fell 0.33%.

In Asia, India’s BSE Sensex gained 0.09%, China's SSE Composite slid 0.18%, Hong Kong's Hang Sengjumped 1.11% and Japan's Nikkei lost 0.36%.

Disclosure: The author holds no positions in any stocks mentioned.

About the author:

Omar Venerio
Omar Venerio is a capital markets, derivatives, corporate finance and financial management professor. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

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