General Motors Company (NYSE: GM) and
Ford Motor Company (NYSE: F) have reported
their earnings numbers for the third
quarter. Both delivered better-than-expected results for the September quarter. However, both the companies' stocks are trading
down after the results.
For the year-to-date period, GM lost about 8 percent whereas Ford recorded about a 16.5 drop, suggesting that shares of the two
companies are losing their shine.
Below is a look at how these two companies' shares performed immediately after the results announcement in the current year.
GM
- Q1 Results: EPS provided positive surprise of 26.0 percent. The stock gained 1.46 percent.
- Q2 Results: EPS beat by $0.34 and the stock added 2.91 percent.
- Q3 Results: EPS topped by $0.27 whereas the stock dropped 4.18 percent.
The company's earnings came in above the estimates in all the three quarters. After the third quarter results, two brokerages
have downgraded the stock from Buy to Neutral or Hold. The stock reacted
accordingly.
Ford
- Q1 Results: Delivered $0.20 EPS more than the Street estimates. The stock gained 3.15 percent.
- Q2 Results: Missed estimates by $0.08, and the stock shed 8.16 percent.
-
Q3 Results: EPS topped by $0.06 whereas the stock fell more than 1 percent.
Except the second quarter, the company's EPS topped estimates.
At Last Check ...
- Ford was up 0.21 percent at $11.77.
- GM was up 0.61 percent at $31.52.
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