Top News & Analysis Virginia

More

  • CHICAGO, July 27- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a lower quarterly net profit due to a 7 percent drop in freight volumes, but the results just exceeded market expectations because of cost cutting and efficiency measures. The decline in freight at the Norfolk, Virginia- based company was led by a precipitous 25 percent drop in...

  • CHICAGO, July 27- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a lower quarterly net profit due to a 7 percent drop in freight volumes, but the results just exceeded market expectations because of cost-cutting and efficiency measures. The decline in freight at the Norfolk, Virginia- based company was led by a precipitous 25 percent drop in...

  • GLEN ALLEN, Va. _ Dynex Capital Inc. on Wednesday reported a second-quarter loss of $3.2 million, after reporting a profit in the same period a year earlier. Dynex Capital shares have increased slightly more than 7 percent since the beginning of the year. Keywords: Dynex Capital, Earnings Report.

  • OMAHA, Neb.— Norfolk Southern's second-quarter profit declined 6 percent as it hauled 7 percent less freight and cut costs. Chairman and CEO Jim Squires said the railroad remains on track to cut $200 million in expenses this year as part of a multiyear plan to eliminate $650 million in costs by 2020.. The analysts surveyed by Zacks Investment Research expected...

  • General Dynamics said on Wednesday it now expects earnings from continuing operations of $9.70 per share for 2016, up from $9.20 previously. Net income rose to $758 million, or $2.44 per share, from $752 million, or $2.27 per share, a year earlier. Up to Tuesday's close of $144.51, the company's stock had risen about 5 percent this year, underperforming the near 7...

  • FALLS CHURCH, Va. _ General Dynamics Corp. on Wednesday reported second-quarter net income of $758 million. General Dynamics expects full-year earnings to be $9.20 to $9.70 per share. General Dynamics shares have increased 5 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 6 percent.

  • RICHMOND, Va.— Altria's second-quarter profit beat analysts' estimates, helped by lower costs. The owner of cigarette maker Philip Morris USA earned $1.65 billion, or 84 cents per share, for the period ended June 30. Altria Group Inc. expects full-year adjusted earnings in a range of $3.01 to $3.07 per share.

  • MCLEAN, Va. _ Booz Allen Hamilton Holding Corp. on Wednesday reported fiscal first-quarter net income of $67.8 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. Six analysts surveyed by Zacks expected $1.39 billion.

  • HERNDON, Va. _ Strayer Education Inc. on Wednesday reported second-quarter earnings of $7.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. Strayer Education shares have fallen 18 percent since the beginning of the year.

  • FALLS CHURCH, Va. _ Northrop Grumman Corp. on Wednesday reported second-quarter net income of $517 million. Northrop Grumman expects full-year earnings to be $10.75 to $11 per share, with revenue in the range of $23.5 billion to $24 billion. Northrop Grumman shares have climbed 16 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • MCLEAN, Va.— Hilton Worldwide Holdings Inc. on Wednesday reported second-quarter profit of $239 million. The McLean, Virginia- based company said it had profit of 24 cents per share. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

  • NEW YORK— Lumber Liquidators shares tumbled Wednesday after the hardwood flooring retailer reported a bigger loss than analysts expected and said fewer people came to its stores after it cut back on discounts. Lumber Liquidators stock dropped $1.41, or 8.2 percent, to $15.57 in morning trading. Analysts expected a loss of 22 cents per share on $238.4 million in...

  • ARLINGTON, Va. _ Arlington Asset Investment Corp. on Tuesday reported second-quarter net income of $12.9 million, after reporting a loss in the same period a year earlier. Arlington Asset Investment shares have increased nearly 2 percent since the beginning of the year. Keywords: Arlington Asset Investment, Earnings Report.

  • BLUEFIELD, Va. _ First Community Bancshares Inc. on Tuesday reported second-quarter earnings of $6.3 million. First Community Bancshares shares have risen 22 percent since the beginning of the year. Keywords: First Community Bancshares, Earnings Report.

  • ARLINGTON, Va. _ CEB Inc. on Tuesday reported second-quarter earnings of $7.7 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share. Three analysts surveyed by Zacks expected $243.3 million.

  • WASHINGTON— Russia may have been behind the leak of hacked Democratic National Committee documents, President Barack Obama said Tuesday in his first public comments on the breach. Obama, who traditionally avoids commenting on active FBI investigations, broke with that protocol and noted that outside experts have blamed Russia for the leak.

  • WEST POINT, Va. _ C&F Financial Corp. on Tuesday reported second-quarter profit of $4.7 million. The West Point, Virginia- based bank said it had earnings of $1.37 per share. Keywords: C&F Financial, Earnings Report.

  • MCLEAN, Va. _ Tegna Inc. on Tuesday reported second-quarter earnings of $99.5 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Tegna shares have fallen 2 percent since the beginning of the year.

  • MCLEAN, Va. _ Gladstone Commercial Corp. on Monday reported a key measure of profitability in its second quarter. The real estate investment trust, based in McLean, Virginia, said it had funds from operations of $9.3 million, or 39 cents per share, in the period. The company said it had a loss of $631,000, or 3 cents per share.

  • ARLINGTON, Va. _ AvalonBay Communities Inc. on Monday reported a key measure of profitability in its second quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of $2.08 per share. Five analysts surveyed by Zacks expected $499.5 million.