BUSINESS

Companies Report Quarterly Earnings, Revenues, And Guidance Updates

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LAKE OSWEGO, Ore. Greenbrier Companies Inc. reported Wednesday that it earned $18.9 million in its fiscal third quarter, equal to $0.60 per share, on revenue of $576.5 million, and issued full-year earnings guidance of $3.00 to $3.15 per share with revenue forecast between $2.4 billion and $2.5 billion. The report was distributed via AP automated summaries on Zacks data. BASSETT, Va. Bassett Furniture Industries Inc. reported Wednesday a fiscal second-quarter profit of $2 million, or $0.24 per share, on $83.8 million in revenue; its shares have risen 13% year-to-date and reached $18.93 at the close Wednesday. Market participants received both company filings this week through the same automated AP and Zacks distribution, enabling investors to update near-term expectations and valuations.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

Beginning of year: Bassett share performance baseline established.
Over the past 12 months: Bassett shares rose about 22% by recent close.
This Wednesday: Greenbrier reported fiscal Q3 results and issued full-year guidance.
This Wednesday: Bassett reported fiscal Q2 profit and disclosed revenue and per-share figures.
This week: Both summaries were distributed via Automated Insights/AP using Zacks Investment Research data.

Why This Matters to You

Greenbrier and Bassett's earnings reports can affect your investments. If you own shares in these companies, these updates could impact their value. Stay informed about your stocks' performance. It's worth checking your portfolio today.

The Bottom Line

Greenbrier and Bassett both reported solid earnings, with Bassett's shares rising 13% year-to-date. These reports can influence the market's view of these companies. Remember, informed investing is smart investing. Send this to someone who's keen on staying updated with their investments.