Tag: Ford

Analysis, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Global Equity, Services Sector

AutoNation Matches Consensus

AutoNation reported second-quarter results that matched consensus EPS expectations of $0.73 while revenue of $4.4 billion exceeded consensus expectation of $4.3 billion. Analysts  intend to raise the  fair value estimate to account for higher revenue growth and AutoNation capturing slightly more market share than we currently model in our five-year forecast period.  The results show that the U.S. auto recovery continues at a strong pace … Continue reading AutoNation Matches Consensus

Mark DeFranceLeave a comment
Analysis, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Services Sector

ALV Stronger Than Predicted

Autoliv reported stronger than expected second-quarter earnings per share of $1.48, besting the Street consensus by $0.10 and $0.09 higher than the year-ago $1.39 EPS. Owing to an anemic European new car market, analysts were also expecting Autoliv to report flattish earnings for the quarter. The company’s like-for-like European revenue increased by 4% compared with a 4% decline in new car registrations. Management also raised … Continue reading ALV Stronger Than Predicted

Jayne CrismanLeave a comment
Finance

Market Movers : 3M Company (NYSE:MMM), Dollar Tree (NASDAQ:DLTR), Denny’s (NASDAQ:DENN), Forward Industries Inc. (NASDAQ:FORD), Amazon.com, Inc. (NASDAQ:AMZN)

3M Company (NYSE:MMM) recently completed the acquisition of its Japanese joint venture Sumitomo 3M Ltd. to be the sole owner of the entity. 3M purchased Sumitomo Electric Industries Ltd’s 25% stake in the joint venture for approximately $865 million. Post acquisition, the business will be known as 3M Japan Ltd, with 3M having full control of one of its largest subsidiaries. 3M Company (NYSE:MMM) belongs … Continue reading Market Movers : 3M Company (NYSE:MMM), Dollar Tree (NASDAQ:DLTR), Denny’s (NASDAQ:DENN), Forward Industries Inc. (NASDAQ:FORD), Amazon.com, Inc. (NASDAQ:AMZN)

John Meady