Making Waves: Greenbrier's $1.9B Orders; Darden Upbeat Results
- September 21st, 2023
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Shares of The Greenbrier Companies, Inc. (NYSE: GBX) surged over 5% following the company's announcement of receiving orders for 15,300 new railcars during its fiscal fourth quarter, which ended on August 31, 2023.
These substantial orders came from a diverse array of customers representing various commercial sectors, encompassing a wide range of railcar types. The total value of these orders amounted to $1.9 billion and represents Greenbrier's highest quarterly order count in nearly a decade.
$GBX was trading at $40.01 in pre-market, reflecting an increase of $0.70 (+1.78%)
In other news, Darden Restaurants, Inc. (NYSE: DRI) reported its first-quarter fiscal 2024 earnings, with adjusted earnings per share at $1.78, surpassing the consensus EPS estimate of $1.73. Quarterly sales reached $2.73 billion, slightly exceeding analysts' expectations of $2.71 billion in revenue.
For fiscal 2024, Darden Restaurants reiterates its financial outlook, including adjusted diluted net earnings per share from continuing operations in the range of $8.55 to $8.85, compared to the consensus EPS estimate of $8.74 for the period.
In pre-market, $DRI was trading at $147.51, down $1.95 (-1.30%).
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