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DAILY EARNINGS

Winnebago Net Jumps 12%; CSX, Delta Air Lines Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 4:22 AM ET October 13 2016

12:00 PM New York CSX third-quarter net plunged 10% to $455 million. Delta Air Lines third-quarter net slipped 4% to $1.3 billion. Lindsay fourth-quarter net swung to profit $8 million. Progressive third-quarter net tumbled 29% to $198 million. Winnebago fourth-quarter net soared 12% to $13 million.

Tollbooth Index slipped 45.92 or 0.4% to 10,859.27.

Earnings Review

CSX Corporation (CSX), the rail transportation services provider said revenues in the third-quarter ending in September declined 8% from a year ago to $2.71 billion.

Net income in the quarter plunged 10.3% to $455 million or 48 cents per diluted share compared to the $507 million or 52 cents per share from the same quarter last year.

Delta Air Lines, Inc (DAL), the airline company said total revenues in the third-quarter ending in September slumped 5.6% from a year ago to $10.5 billion.

Net income in the quarter dropped 4% to $1.26 billion or $1.69 per diluted share compared to the $1.32 billion or $1.65 per share from the same quarter last year.

Lindsay Corporation (LNN), the water and road infrastructure services provider said revenues in the fourth-quarter ending in August advanced 8% from a year ago to $132.9 million.

Net in the quarter swung to income of $7.8 million or 73 cents per diluted share compared to the loss of $3.2 million or 28 cents per share from the same quarter last year.

Marriott Vacations Worldwide Corp (VAC), the hotel operator reported total revenues in the third-quarter ending on September 9 were flat from a year ago at $407 million.

Net income in the quarter surged 24.1% to $26.8 million or 97 cents per diluted share compared to the $21.6 million or 67 cents per share from the same quarter last year.

Progressive Corp (PGR), the insurance services provider stated net premiums written in the third-quarter ending in September surged 12% from a year ago to $6.05 billion.

Net income in the quarter tumbled 29% to $198 million or 34 cents per diluted share compared to the $278.3 million or 47 cents per share from the same quarter last year.

Winnebago Industries, Inc (WGO), the recreation vehicles maker said revenues in the fourth-quarter ending in August jumped 4.9% from a year ago to $263.3 million.

Net income in the quarter soared 12.2% to $13.1 million or 49 cents per diluted share compared to the $11.7 million or 43 cents per share from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc