Tag: Transportation Equipment

The German truck maker posted better-than-expected pre-tax earnings of $5.5 billion euros for 2023, up 39% on the previous year’s 4.4 billion.

Knorr-Bremse shares traded higher after the company reported better-than-anticipated results and issued guidance that analysts saw as ahead of consensus expectations.

Alstom shares plunged by a fifth at one point on Wednesday after the train maker said it would sell assets, cut jobs and consider a capital raise after a cash flow warning in October increased concerns about the company’s debt level.

Shares of French train manufacturer Alstom plummeted up tp 35% on Thursday, according to LSEG data, after the company slashed its free cash flow forecast.