Oil drilling equipment maker Cameron International Corp. (CAM) reported third quarter earnings per share (excluding special items) of 78 cents, exceeding the 64 cents (adjusted) earned in the prior-year quarter and the Zacks Consensus Estimate of 74 cents. The outperformance reflects robust profitability from its ‘Drilling & Production Systems’ and ‘Valves & Measurement’ segments. Quarterly [...]
The U.S. saw a significant rise in light vehicle sales in January. It grew significantly by 17% to a seasonally adjusted annual rate (SAAR) of 12.6 million units in January, reflecting a strong uplift in the industry. SAAR reached the highest level during the month since the cash-for-clunkers program in the summer of 2009. All [...]
(Reuters) – A surprise surge in private-sector employment last month for its biggest-ever rise in a private payrolls report provided the most bullish signal in months that the economy is on the mend. Read the full story HERE.