Comcast: profit rises 17 percent in 1Q13;
Devon Energy: $1.3 billion loss; due to low prices of natural gas;
Enbridge Energy Partners: 21 cents vs 28 cents a year ago; year of transition; should improve in 2013
FreightCar America (RAIL), after market close: not a good year.
- 1Q13: loss of $0.22
- 1Q12: gain of $0.81
- 4Q12: loss of $0.08
“As I have previously stated, continued uncertainty in the freight railcar market will make 2013 a challenging year,” said Ed Whalen, Chief Executive Officer. “We remain focused on factors within our control, including: executing our railcar diversification strategy; the successful start-up of our Shoals, Alabama facility; improving the results of our Services business; and continuing to prudently manage our costs. I am confident that FreightCar America’s market position, strong balance sheet and the execution of our strategic initiatives will enable the Company to capitalize on its long-term opportunities and the eventual freight railcar market recovery.”NOG, May 6.