Coca-Cola (NYSE:CCE) Beats Forecasts, 3M Company (NYSE:MMM) Revenue Jumps, and Ford (NYSE:F) Swings To $2.1 Billion Profit
Ford Motor Company (NYSE:F) announced on Tuesday morning that it beat consensus Wall Street estimates. Ford Motor reported that it swung to a 1st quarter profit of $2.1 billion, 50 cents per share, from a loss of $1.4 billion, or 60 cents per share, a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 31 cents per share.
Ford Motor Company said that its U.S. market share was up 3%, while its U.S. sales climbed 37%.Not only did Ford Motor Company report that it did well in the North American market, it also was profitable in Asia, Europe and Latin America.
3M Company (NYSE:MMM) on Tuesday morning released financial results that easily beat Wall Street expectations. 3M Company reported that its 1st quarter net profit jumped to $1.01 billion, or $1.29 per share, up from $563, or 81 cents per share, a year earlier. Excluding special items such as a health care charge related to healthcare overhaul, 3M Company reported that it earned $1.40 a share.
Total revenue jumped 24.7% to $6.3 billion, fueled by a 54.1% surge in the Asia-Pacific region.A poll of analysts conducted by Thomson Reuters, showed an average Wall Street estimate of expected earnings of $1.21 per share, on revenue of $5.94 billion. Shares of 3M Company were up 4% to $91.00 in pre-market trading.
Article continues below ad
__________________________
What separates YOU from the thousands of uninformed investors out there? Great research and timely information.
Enhance your retirement with our premium subscription RISK FREE. Get in the know, and your portfolio will thank you!
CLICK HERE for a free preview of our Wall Street Elite.
Act now, and receive our exclusive report on China’s rare earth addiction
___________________________
Coca-Cola Enterprises (NYSE:CCE) released financial results on Tuesday morning that beat Wall Street estimates. Coca-Cola Enterprises reported that its 1st quarter net income climbed to $106 million, or 21 cents per share, up from $61 million, or 13 cents per share, a year earlier. Excluding special items, Coca-Cola Enterprises reported reported earnings came in at 27 cents per share.
Revenue was down 1.5% to $4.97 billion. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 22 cents per share. Coca-Cola Enterprises is the largest bottler of The Coca-Cola Company (NYSE: KO) and has plans to sell its North American interests to the Coca-Cola Company, in a move similar to one already made by Coke’s rival PepsiCo, Inc (NYSE:PEP).
Daniel James Hayden IV
Benzinga.com
Click Here to continue exploring Oakshire Financial
Related Articles
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
