Annual revenues of $5.5 billion; net income of $139.1 million Earnings per diluted share of $3.45 Execution and expansion of strategic initiatives along with healthy economy contributed to strong financial performance Annual absorption ratio 122.4% Company declares cash dividend of $0.12 per share of Class A and Class B common stock /EIN News/ -- SAN ANTONIO, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the year ended December 31, 2018, the Company achieved revenues of $5.5 billion and net income of $139.1 million, or $3.45 per diluted share, compared with revenues of $4.7 billion and net income of $172.1 million, or $4.20 per diluted share, for the year ended December 31, 2017. Additionally, today the Company’s Board of Directors declared a cash dividend of $0.12 per share of Class A and Class B Common Stock, to be … [Read more...] about Rush Enterprises, Inc. Reports Fourth Quarter and Year-End 2018 Results and Declares Quarterly Cash Dividend
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Older workers and retirees might be nervous over what the volatile stock market of late means for their nest eggs. So here's why now is the time to remain calm. All that's happened so far is the market has roughly given back its year-to-date gains during 2018. If you've been invested in the stock market for the past several years, you've most likely enjoyed very good returns – much better returns than if you'd invested in bonds or other "safe" investments. Also understand that nobody can reliably predict when the market will crash or recover. The best you can do is to adopt strategies that help you ride out stock market crashes when they happen -- without needing to know exactly when they'll happen. To that end, here's a two-step strategy that can protect your retirement from stock market crashes: Develop sources of monthly lifetime retirement income that don't drop if the stock market crashes. Use these "retirement paychecks" to cover your basic living … [Read more...] about What retirees and older workers can do about stock market volatility
Thursday October 25, 2018 02:08 PM The stock market's plunge over the last three weeks has sent investors looking for safer options, leading to strong gains for utilities, household goods makers, and other companies that are traditionally considered safer Written by By MARLEY JAY, AP Markets Writer NEW YORK (AP) — The stock market's plunge over the last three weeks has investors showing love to companies they had been ignoring. Steady, plodding, un-sexy stocks like utilities, household goods makers and real estate investment trusts have done far better than the rest of the market during the recent stumble. And Wall Street is now shunning the stocks that have been leading the market over the last decade, like technology and consumer-focused companies. The S&P 500 index, the main measuring stick for the U.S. market, has dropped 9.2 percent since Oct. 3 as of Wednesday. The Nasdaq composite, which has a high concentration of tech companies, has slumped 11.4 … [Read more...] about The best defense: investors flee tech stocks for utilities
Surviving a panic like the one that started 10 years ago — when Lehman Bros. went under and nearly took the financial system with it — requires courage, patience, and a comfortable cushion of cash. “Having that cash cushion allows you to ride out a financial storm, like having a few days of canned goods helps you live out a physical storm,” said Peter Crane of Crane Data, which tracks money market funds. With the stock market hitting record highs, readers have been asking about the best places to stash their cash. The good news is that after hovering near zero for the better part of a decade, yields on short-term securities are now in the 2 percent range, if you know where to look. A rule of thumb calls for having six months of living expenses in cash, in case you lose your job. Having cash also lets you weather the market’s ups and downs, and pick up stocks on the cheap when others are panic selling. Berkshire Hathaway CEO Warren Buffett is renowned for … [Read more...] about What are the best places to stash your cash?
NORWICH, N.Y., July 23, 2018 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ:NBTB) reported record net income and diluted earnings per share for both the three and six months ended June 30, 2018. Net income for the three months ended June 30, 2018 was $28.1 million, up from $26.0 million for the first quarter of 2018 and up from $21.4 million for the second quarter of 2017. Diluted earnings per share for the three months ended June 30, 2018 was $0.64, as compared with $0.59 for the prior quarter and $0.49 for the second quarter of 2017. Net income for the six months ended June 30, 2018 was $54.1 million, up 29.9% from $41.6 million for the same period last year. Diluted earnings per share for the six months ended June 30, 2018 was $1.23, as compared with $0.95 for the same period in 2017, an increase of 29.5%. Highlights: Quarter-to-date earnings per share up 8.5% from prior quarter and up 30.6% from prior year Quarter-to-date net … [Read more...] about NBT Bancorp Inc. Announces Record Net Income of $28.1 Million and Diluted Earnings Per Share of $0.64; Declares Cash Dividend