Surprising Earnings and News Updates: General Motors, BlackBerry, American International Group, First Solar, Merck & Co.
Surprising Earnings and News Updates: General Motors, BlackBerry, American International Group, First Solar, Merck & Co. PR Newswire 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 Here: http://marketbuzzreport.com/index.php?code=GM (Or Copy and paste the 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: http://marketbuzzreport.com/index.php?code=AIG (Or Copy and paste the URL 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). USMarketBuzz.com is an investment community that Focuses on MicroCap Securities. 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