Manufacturing news & headlines
Latest breaking stories, features and analysis
- General Electric’s revenue slides 17% in the fiscal third quarter.
- The American multinational reports £920 million of net loss in Q3.
- General Electric's cash flow also turned positive in the third quarter.
Latest Manufacturing news
3M Co. (NYSE: MMM) published its earnings report for the fiscal third quarter on Tuesday that topped Wall Street estimates. The company attributed its hawkish quarterly performance to an increased demand for personal safety products and health equipment. 3M was reported about 1.5% down in premarket trading on Tuesday. Shares of the company tanked another 1.5% on market open. On a year to date basis, 3M is now about 9% down in the stock market. Tr...
In its report on Friday, Daimler AG (ETR: DAI) said that its net profit in the fiscal third quarter was higher than the comparable quarter of last year. Revenue, it added, saw a decline in Q3 on an annualised basis. Daimler closed the regular session about 1.5% down on Friday. Shares of the company are now trading at £44 per share versus a sharply lower £20 per share in March due to the COVID-19 disruptions. The German automaker had started the y...
Danaher Corp (NYSE: DHR) said on Thursday that its sales and profit in the fiscal third quarter came in better than expected. Shares of the company jumped more than 3% on market open. Danaher Corp has gained close to 100% in the stock market since late March. Interested in investing int the stock market online? Here’s a simple guide to get you started. Danaher Corp’s Q3 financial results versus analysts’ estimates Danaher Corp said its net income...
Tesla Inc. (NASDAQ: TSLA) published its earnings report for the fiscal third quarter on Wednesday. It was the fifth quarter in a row that the electric car maker concluded in profit. Tesla’s profitability, however, remained largely attributed to regulatory credit sales in Q3, much like in the previous three quarters as well. Shares of the company were reported about 3.5% up in after-hours trading on Wednesday. Tesla is now exchanging hands at £333...
Lockheed Martin Corp. (NYSE: LMT) said on Tuesday that its revenue in the fiscal third quarter came in better than expected. On the back of its hawkish performance in Q3, the company also raised its guidance for the full year. Shares of the company remained almost flat in premarket trading on Tuesday. But on market open, Lockheed Martin lost more than 2% to hit an intraday low of £289.82 per share. In comparison, it had started the year at a high...
The Procter & Gamble Company (NYSE: PG) published its earnings report on Tuesday that blew past Wall Street estimates for the fiscal first quarter. The company expressed confidence that performance will remain robust in the upcoming months as it raised its guidance for fiscal 2021. Procter & Gamble was reported trading more than 2% up in premarket trading on Tuesday but lost the majority of its intraday gain later in the day. Share...
Philip Morris International Inc (NYSE: PM) published its financial results for the fiscal third quarter on Tuesday that came in stronger than what analysts had anticipated. In a statement last month, CEO Andre Calantzopoulos of Philip Morris said cigarette sales were expected to end in many countries in the next 10 to 15 years. Shares of the company remained almost flat in premarket trading on Tuesday but slid close to 4% on market open to hit an...
Philips N.V. (AMS: PHIA) said its net profit in the fiscal third quarter posted significant growth and topped experts’ forecast on Monday. For the next four years (2021-2025), the company is now targeting higher profitability and accelerated sales growth. Shares of the company opened about 4% up on Monday but dropped 2% in the next hours. At £38.59 per share, Philips is now 2.5% down year to date in the stock market after recovering from a...
VF Corp (NYSE: VFC) published its financial results for the fiscal second quarter on Friday that blew past Wall Street estimates. The company expressed confidence that signs of recovery were evident in the recent quarter after months of inactivity due to the Coronavirus pandemic that pushed its stores into temporarily shutting down earlier this year. VF Corp currently has a per-share price of £61 versus a much higher £77.61 per share at the start...
AB Volvo (STO: VOLV-B) said on Friday that its core earnings in the fiscal third quarter came in stronger than forecasts. The company also revealed a significant increase in order intake in the recent quarter after months of halt due to the Coronavirus pandemic. AB Volvo jumped 3.5% in premarket trading on Friday but lost half of the intraday gain on market open. Including the price action, shares of the company are now trading at £15.78 versus a...
General Motors (NYSE: GM) said on Monday that its sales in China came in 12% higher on a year over year basis in the quarter that concluded in September. The company attributed upbeat sales to a significant recovery in the largest Asian market for automobiles after months of inactivity due to the Coronavirus pandemic. It was the first time for GM to report quarterly sales growth in China since 2018. General Motors currently has a per-share price...
Audi AG said on Sunday that signs of recovery were evident in sales from July to September after months of halt due to the Coronavirus pandemic. For the full year, however, the German automobile manufacturer forecasts its sales to remain under pressure. Chairman Markus Duesmann of Audi said: “We will not be able to compensate worldwide the heavy losses of the months of April and May in the full year, despite our distributors doing a really good j...
Levi Strauss & Co. (NYSE: LEVI) published its earnings report for the fiscal third quarter on Tuesday after the bell. The company said online sales showed resilience in recent months amidst the Coronavirus pandemic. Consequently, it concluded the quarter in profit and registered sales that blew past Wall Street estimates. Shares of the company were reported trading over 12% up in extended trading on Tuesday. Levi’s is now trading at £12.64 pe...
The Boeing Company (NYSE: BA) slashed its forecast for jet deliveries in the next twenty years on Tuesday and warned that aeroplane demand was likely to struggle to get back on its feet in the upcoming years due to the Coronavirus pandemic that brought the global travel and tourism industry to a near halt in 2020. Shares of the company were reported 0.5% up in premarket trading on Tuesday and jumped another 1% on market open. Boeing, however, tum...
On Monday, Weir Group plc (LON: WEIR) said that it is selling its oil and gas business to Caterpillar Inc. (NYSE: CAT) for a cash deal valued at £312.67 million. Following the completion of the transaction, the engineering firm plans on expanding its footprint in the mining business. Earlier this week, Caterpillar announced the production of next-gen mining truck. Weir Group jumped more than 15% in premarket trading on Monday. Shares of the compa...
In an announcement on Thursday, Smith & Nephew plc (LON: SN) said its underlying revenue is expected to see a 4% decline in the fiscal third quarter. Underlying revenue does not account for non-recurring and other exceptional items. Shares of the company remained flat in premarket trading on Thursday but jumped close to 2% on market open. At £15.50 per share, Smith & Nephew is now 10% down year to date in the stock market after recovering...
AngioDynamics Inc. (NASDAQ: ANGO) reported its quarterly earnings on Tuesday before the bell. The company said its net sales jumped 6.3% in the fiscal Q1 to £54.54 million on the back of an order from the United Kingdom’s NHS (National Health Service) valued at £4.04 million. Shares of the company remained almost flat in premarket trading on Tuesday. AngioDynamics currently has a per-share price of £8.27 that marks an over 30% decline in the st...