A CSX freight train can be seen in Orlando.
Paul Hennessy | Light Rocket | Getty Images
Check out the companies making headlines in extended deals.
CSX — Shares of the transportation company rose 2.6% after the company beat analysts’ expectations for first-quarter earnings and revenue. CSX reported earnings of 48 cents per share on revenue of $3.71 billion. Analysts polled by Refinitiv had expected earnings of 43 cents a share on revenue of $3.58 billion.
Knight-Swift Vehicle — Shares fell less than 1% after the trucking company reported poor first-quarter earnings. The company reported adjusted earnings of 73 cents per share, compared with analyst estimates of 81 cents per share, according to FactSet. However, the company’s revenue of $1.64 billion was higher than analysts’ expectations of $1.61 billion. Knight-Swift also lowered its full-year 2023 EPS guidance.
WR Berkeley — Shares in the commercial line insurer fell 2% after WR Berkley reported net premiums fell short of analysts’ expectations at $2.49 billion, compared with expectations for $2.53 billion, according to FactSet. The company reported operating earnings per share of $1.00, compared with $1.10 per share a year ago.
PPG Industries — Shares of the paint maker rose less than 1%. The company issued second-quarter guidance that beat analysts’ expectations, according to FactSet. PPG expects adjusted earnings of $2.05 to $2.15 per share, compared with analysts’ forecast of $1.96 per share. PPG also issued upbeat guidance for the full year.
