NN Inc. (NNBR) reported a fourth-quarter loss of $27.2 million (the same period a year earlier was profitable for them). Earnings, adjusted for costs related to mergers and acquisitions and asset impairment costs, came to 25 cents per share. NN shares have declined 14% since the beginning of the year. The stock has dropped 49% in the last 12 months.
As head of the central bank, which controls short term interest rates, Gov Wheeler has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
Hertz Global Holdings, Inc. (HTZ), Monday reported fourth-quarter net income of $70 million or $0.16 per share, compared to net loss of $234 million or $0.51 per share last year. Adjusted earnings for the quarter were $0.05 per share compared to adjusted loss of $0.22 per share last year. Analysts polled by Thomson Reuters estimated earnings of $0.04 per share on revenues of $2.52 billion for the quarter.
The Manufacturing Production index measures the change in the total inflation-adjusted value of output produced by manufacturers. The actual value has been with a negative number for three months now, -0.2% in February.