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Wall Street After-Hours: CSX, Yahoo, KKR, Gardner Denver, United Rentals

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Railroad operator CSX Corp. (NYSE: CSX) reported second-quarter earnings per share (EPS) of $0.52 on revenues of $3.1 billion. The consensus estimate called for EPS of $0.47 on revenues of $3.02 billion. The company provided little detail, but said it would reveal all in its conference call tomorrow morning. The shares are up 3.8% in after-hours trading at $25.58 in a 52-week range of $18.88 to $26.36.

Yahoo! Inc. (NASDAQ: YHOO) reported adjusted second-quarter EPS of $0.35 and revenues of $1.07 billion excluding traffic acquisition costs. Shares are down about 2%. Our coverage of the earnings release is here.

Industrial machinery maker Gardner Denver Inc. (NYSE: GDI) announced that shareholders overwhelmingly approved the company’s merger agreement with Kohlberg Kravis Roberts & Co LP. (NYSE: KKR) for $76 a share. The deal is expected to close later this month or early in August.

United Rentals Inc. (NYSE: URI) reported adjusted EPS of $1.12 on revenues of $1.21 billion, compared with the consensus estimates for EPS of $1.01 on revenues of $1.23 billion. Shares are down about 2% in after-hours trading, at $50.00 in a 52-week range of $26.88 to $59.74.

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today.  Don’t miss these offers because they won’t be this good forever.

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

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