Momentum Stocks: Westinghouse Air Brake Technologies (NYSE:WAB), Bristol-Myers Squibb (NYSE:BMY)
Westinghouse Air Brake Technologies Corporation (NYSE:WAB) shares price surged 2.66% to close at $84.38.Westinghouse Air Brake Technologies Corp. (WAB) declared on Tuesday that its Q1 net income of $73.9 million. The Wilmerding, Pennsylvania-based Company said it had net income of 77 cents per share. Earnings, adjusted for non-recurring costs, were 84 cents per share. The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share. The maker of parts for locomotives, subways and buses posted revenue of $916 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $983.3 million. Wabtec expects full-year earnings in the range of $3.95 to $4.15 per share, with revenue expected to be $4.1 billion.
Its return of equity was recorded 16.60% and its return on investment was calculated 8.80%. Its 50-Day moving average was 5.58% and 200-Day moving average was 6.08%.How NYSE:WAB Become Volatile Stock?
Bristol-Myers Squibb Company (NYSE:BMY) has 1674.00 million outstanding shares and its share price finished at $53.94 by surging 0.73% in last traded session. Bristol-Myers Squibb (BMY) along with Transgene reported that a new clinical research collaboration to evaluate the safety, tolerability and efficacy of Transgene’s investigational therapeutic vaccine TG4010 in combination with Bristol-Myers Squibb’s Opdivo + standard chemotherapy as a first-line treatment for advanced non-squamous non-small cell lung cancer in patients whose tumors have low or undetectable levels of PD-L1.
As the returns are concern, return on equity was recorded 29.20% and firm surged its return on investment of 20.00% while its return on asset stayed at 13.50%. How Outside Factors Effects on Stocks Performance?