| Recovery? $29 Billion Manufacturer Reports Revenues Off 17% Greg Feirman submits: Honeywell (HON), a big, diversified manufacturer, reported earnings Friday morning. The company earned 80 cents a share, beating estimates for 72 cents, but revenues were off 17%, more than $1.5 billion to $7.7 billion. They cut Selling, General & Administrative expenses by $275 million (21%), saving 36 cents a share for the quarter.Click to enlarge:Complete Story » seekingalpha.com |
Ford: Running on Empty? Jason Shade submits: Ford Motor (F) (11.44) reported solid fourth quarter earnings Thursday morning. The automaker posted .43 per share in the 4Q, which was .17 better than analysts projected. Revenues also were 22% higher in this past quarter compared to the same quarter in 2008 as the company raked in $35.4 billion. The company highlighted its return to profitability and talked up its positive operating-related cash flow.Despite the glowing financial report, the stock barely idled, finishing out the day in the red.Complete Story » seekingalpha.com |
BorgWarner Sees Robust Growth in China Zacks.com submits: BorgWarner Inc. (BWA) expects that it will be able to sustain its 2000−2009 compound annual sales growth of 45% till at least 2014 in China . This was driven by the government's policy aimed at promoting the automotive sector. In 2009, China’s auto sales surpassed that of U.S. by growing 45% to 13.6 million units, driven by government incentives such as sales tax and interest rate cuts as well as subsidies to trade in older cars. A faster economic recovery has also helped the world’s biggest auto market to uphold its position. Sales in the U.S. fell 21% to 10.4 million vehicles in 2009, which was a 27-year low. BorgWarner generates about 12% of its global sales in China. The company expects the ratio to go up to 15% by 2014, about half of its expected sales in Asia . Asia contributed 23% of the company's global sales in 2009.Complete Story » seekingalpha.com |
Ford Looks Like a Deal at These Levels Trefis submits: Ford Motor Company (F), which competes with Daimler, General Motors and other auto manufacturers, recently announced that it would pay $3.8 billion in cash to the UAW Retiree Medical Benefits Trust and reduce its total debt by $4 billion. Despite these positive signs and despite the fact that the company’s Q1 results beat estimates, Ford’s stock has declined by nearly 15% in the past three months. We attribute much of this slide to investor jitters about the slow U.S. economic recovery, and we believe that Ford’s stock is a good buy at current levels of around $10.50. Our analysis follows below.Complete Story » seekingalpha.com |
Magma Design CEO Discusses F1Q11 Results - Earnings Call Transcript Magma Design Automation Inc. (LAVA)F1Q11 (Qtr End 08/01/2010) Earnings CallAugust 26, 2010 5:00 pm ETComplete Story » seekingalpha.com |