Surprising Earnings and News Updates: General Motors, BlackBerry, American
International Group, First Solar, Merck & Co.
NEW YORK, November 4, 2013
NEW YORK, November 4, 2013 /PRNewswire/ --
Market Buzz Report, an investment community, Surprising Earnings And News
Updates For General Motors Company (NYSE:GM), BlackBerry Ltd (NASDAQ:BBRY),
American International Group Inc (NYSE:AIG), First Solar, Inc. (NASDAQ:FSLR),
Merck & Co., Inc. (NYSE:MRK)
General Motors Company (NYSE:GM) shares increased 0.76% to $37.20. The company
on Oct. 30 reported pretax profit of $2.64 billion for the third quarter, up
almost 15 percent over a year ago. Earnings grew in North America, South
America and China and losses narrowed in Europe.
Urgent Insider Catalyst Report For GM Available
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URL into your browser)
Net income totaled $698 million, or 45 cents per share. That compares with
$1.48 billion, or 89 cents per share, a year ago. Without one-time items and
after paying taxes, GM earned $1.7 billion, or 96 cents per share. Analysts
polled by FactSet expected 94 cents per share. GM has now been profitable for
15 straight quarters. Revenue rose 4% to $39 billion, just short of Wall
Street's estimate of $39.2 billion.
BlackBerry Ltd (NASDAQ:BBRY) shares increased 0.33% to $7.95. The company on
Oct. 30 announced that NCG Banco, one of Spain's leading banks, has chosen
BlackBerry® Enterprise Service 10 as the company's single Enterprise Mobility
Management (EMM) solution. Mobile technology is rapidly evolving and the need
to support multiple operating systems and personal devices on corporate
networks is increasingly common in today's workplace. NCG has chosen
BlackBerry Enterprise Service 10 to manage its mixed environment of mobile
devices because it provides a high level of control, security and the
flexibility required by the organization.
Free Urgent Insider Catalyst Report For BBRY Available Here:
http://marketbuzzreport.com/index.php?code=BBRY(Or Copy and paste the URL
into your browser)
Additionally, after the amazing launch of BBM on Android and iPhone devices,
with more than 10 million downloads in the first 24 hours, BBM has now ended
its first week with more than 80 million monthly active users, including over
20 million new users on Android and iPhone devices.
American International Group Inc (NYSE:AIG) shares fell 5.81% to $48.71. The
company on Nov. 1 hopes to make a decision on the sale or initial public
offering of its aircraft leasing unit in the fourth quarter, the company's
chief executive said. AIG chief Robert Benmosche said on a post-earnings
conference call that while a consortium of buyers is making progress on the
purchase of International Lease Finance Corp (ILFC), the company is
considering whether it can close the transaction this quarter or should
instead commit to an IPO.
Free Urgent Insider Catalyst Report For AIG Available Here:
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into your browser)
Additionally, the company on Oct. 31 said that its third-quarter net income
rose 17 percent as its core insurance business improved. The company earned
$2.17 billion, or $1.46 per share, for the quarter that ended Sept. 30. That
was up from $1.86 billion, or $1.13 per share, during the same period a year
earlier. If not for one-time items it would have earned 96 cents per share for
the most recent quarter, down from 99 cents a year earlier. Analysts surveyed
by FactSet had been expecting a profit of 96 cents per share.
First Solar, Inc. (NASDAQ:FSLR) shares gained 15.81% to $58.19. The company on
Oct. 31 said its third-quarter net income more than doubled and raised its
profit outlook for the year. Net income rose to $195 million, or $1.94 per
share, in the quarter that ended on Sept. 30, up from $88 million, or $1 per
share, in the same quarter a year ago. Excluding charges related to the
pending sale of an Arizona facility, it reported earnings of $2.28 per share.
Analysts expected earnings of $1.13 per share, according to FactSet. Revenue
rose 51 percent, to $1.27 billion from $839 million. That's above the $1.04
billion analysts expected.
Free Urgent Insider Catalyst Report For FSLR Available Here:
http://marketbuzzreport.com/index.php?code=FSLR(Or Copy and paste the URL
into your browser)
Merck & Co., Inc. (NYSE:MRK) shares increased 0.07% to $45.10. The company
narrowed its full-year forecast as the company continues an overhaul of its
sales and research operations. Profit for 2013 will be $3.48 to $3.52 a share,
Merck said on Oct. 28. The previous outlook was for $3.45 to $3.55.
Third-quarter revenue fell 4 percent to $11 billion, missing the $11.1 billion
estimate of analysts, as Januvia sales dropped 5 percent and foreign currency
exchange weighed on results.
Free Urgent Insider Catalyst Report For MRK Available Here:
http://marketbuzzreport.com/index.php?code=MRK(Or Copy and paste the URL
into your browser)
Additionally, the company on Oct. 29 announced the presentation of interim
data from a Phase 1B trial (PN001) evaluating MK-3475, an investigational
anti-PD-1 immunotherapy, in patients with previously-treated non-small cell
lung cancer (NSCLC). The data were presented today by Dr. Edward Garon,
Director of Thoracic Oncology, Jonsson Comprehensive Cancer Center, University
of California, Los Angeles, at the 15th World Conference on Lung Cancer in
Sydney, Australia (Abstract # MO18.02).
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