Industrials Flat on Growth Hedges -- Industrials Roundup
December 24 2014 - 2:25PM
Dow Jones News
Shares of manufacturing and transportation companies were more
or less flat as traders hedged their bets on the sustainability of
the U.S. recovery.
CalAmp Corp. (CAMP) slid after the maker of radio communication
equipment posted third-quarter profit shy of investor expectations.
Still, contracts with construction-equipment maker Caterpillar Inc.
(CAT) may help CalAmp rebound, said analysts at brokerage
Canaccord.
UPS Inc. (UPS) and FedEx Corp. (FDX) said they have capped
delivery guarantees this year after fears a late surge in orders
would cause a repeat of glitches on delivery dates that the
shippers experienced during last year's holiday season.
--By Rob Curran, rob.curran@dowjones.com
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