U.S. equities were mixed Tuesday as budget and immigration talks are on the horizon as the government is close to reopening. The S&P 500 Index gained 0.2%, the Dow Jones Industrial Average lost a fraction and the Nasdaq Composite gained 0.7%.
Here’s what went down with these companies:
Canadian National Railway (USA) (CNI)
Canadian National Railway reported on its latest quarter late Tuesday.
The company posted fourth-quarter profit of C$897 million($721.90 billion), or C$1.20 (97c) per share, below the C$952 ($766.16) million, or C$1.23 (99c) per share it posted in the year-ago quarter.
Analysts’ outlook had called for Canadian National Railway to unveil about C$1.22 (98 cents) per share, excluding special items, according to data compiled by Thomson Reuters.
Revenue for the period was 2.2% higher year-over-year, coming in at C$3.29 billion ($2.65 billion), topping the C$3.22 billion ($2.59 billion) Canadian National Railway posted in the year-ago quarter.
For its fourth quarter of fiscal 2018, Canadian National Railway sees earnings per share as being in the range of C$5.25-C$5.40 ($4.23-$4.35), versus the consensus of C$5.54 ($4.46).
CNI stock fell 2.3% after the bell Tuesday.
Cree, Inc. (CREE)
Cree reported for its second quarter of fiscal 2018 after hours.
The LED products manufacturer unveiled earnings at a loss of a penny per share for the period, coming in two cents below the penny-per-share profit that analysts were calling for.
Revenue for the quarter was a better metric for Cree as the company managed to rake in $368 million, topping the Wall Street consensus estimate of roughly$349.62 million.
For its third quarter, the company projects that earnings will be in the range of a loss of three cents per share to a profit of three cents per share, in line with analysts’ outlook of flat earnings.
Revenue is slated to be in the range of $335 million to $355 million, also in line with the consensus of $340.7 million.
CREE stock fell 2.2% after hours Tuesday.
Total System Services, Inc. (TSS)
Total System Services had a strong quarter to report.
For its fourth quarter of fiscal 2018, the company said its bottom line was $151.04 million, or 82 cents per share. The figure topped the $129.62 million, or 70 cents per share from the year-ago quarter.
The figure was higher than what analysts were calling for, which was 79 cents per share on an adjusted basis, excluding special items, according to data compiled by Thomson Reuters.
Revenue for the period was 12.4% better than it was a year ago at $1.27 billion.
TSS stock gained 2.5% after the bell Tuesday.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.