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American Axle & Manufacturing Announces Third Quarter EPS of $0.52
Friday, October 29, 2010 - 7:36am | 112American Axle & Manufacturing Holdings, Inc. (NYSE: AXL): Third Quarter 2010 Results Third quarter 2010 sales of $618.2 million, AAM's highest quarterly sales total in 2010 Gross profit of $113.9 million, or 18.4% of sales Operating income of $60.7 million, or 9.8% of sales Net income...
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Bookkeeping: BorgWarner (BWA) Performs Nicely; Raises Guidance - Added Some Exposure
Thursday, October 28, 2010 - 1:39pm | 1730Auto supplier stocks continue in an under the radar bull market... yesterday morning BorgWarner (BWA) reported another impressive quarter, and raised guidance. EPS of 71 cents vs analysts 63 cents. Technically, the stock looks very similar to Las Vegas Sands (LVS) six weeks ago but BWA will have...
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Bearish MACD for CAAS - Tale of the Tape
Thursday, October 28, 2010 - 1:03pm | 119China Automotive Systems, Inc.'s (CAAS) MACD indicator has moved into bearish territory with a reading of -0.0555. The Zacks #4 Rank (“Sell”) stock decreased more than 1% to $15.64 in afternoon trade. The Zacks Consensus Estimate on the company's earnings for the year ending 2010 has decreased by a...
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Strong Quarter for BorgWarner - Analyst Blog
Thursday, October 28, 2010 - 8:33am | 500BorgWarner Inc. (BWA) posted net earnings of $111.7 million or 87 cents per share during the third quarter of 2010 compared with $17.2 million or 15 cents per share reported a year ago. Net earnings included a positive impact from reversal of foreign tax credit valuation allowance of $21.2...
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Spartan Motors Announces EPS of $0.05
Thursday, October 28, 2010 - 8:31am | 66Spartan Motors, Inc. (NASDAQ: SPAR) today announced that its board of directors has declared its semi-annual cash dividend of $0.05 per share of common stock. The Charlotte, Mich.-based manufacturer of custom chassis, emergency-rescue and service and delivery vehicles reported its semi-annual...
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Spartan Motors Reports Solid Growth in Sales and Earnings up 112%
Thursday, October 28, 2010 - 8:26am | 152Spartan Motors, Inc. (Nasdaq: SPAR) today reported improved sales and solid profitability for its 2010 third quarter. Third quarter highlights: Net sales of $120.6 million (up 39.7 percent from Q3 2009 which did not include Utilimaster) Gross margin of 16.4 percent of sales (down from 18.8...
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Federal-Mogul Reports Strong Sales; EPS $.53
Thursday, October 28, 2010 - 7:47am | 80Federal-Mogul Corporation (Nasdaq: FDML) today reported higher year-over-year quarterly sales and profitability as increased global new vehicle sales and company market share gains resulted in additional demand for its leading automotive powertrain and safety technologies. The company, during the...
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Johnson Controls' Profits Up 21% - Analyst Blog
Wednesday, October 27, 2010 - 4:03pm | 623Johnson Controls Inc. (JCI) reported a 21% increase in profit to $409 million (excluding non-recurring items) in the fourth quarter of its fiscal year from $339 million (excluding non-recurring items) in the same quarter of previous year. On earnings per share, profits improved to 60 cents from...
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BorgWarner (BWA) Beats Estimates, Sales Jump 37%
Wednesday, October 27, 2010 - 8:18am | 287BorgWarner Inc. (NYSE: BWA) released financial results on Wednesday morning that easily beat Wall Street estimates. BorgWarner Inc announced that its 3rd quarter earnings rose to 87 cents per share, up from 15 cents per share a year earlier. Excluding special items, the company reported earnings of...
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BorgWarner Posts Strong Third Quarter Earnings of $0.71 Per Diluted Share
Wednesday, October 27, 2010 - 8:07am | 47BorgWarner Inc. (NYSE: BWA) today reported third quarter 2010 U.S. GAAP earnings of $0.87 per diluted share compared with $0.15 per diluted share a year ago. Sales were up 37.3% from third quarter 2009, sharply higher than global vehicle production growth of approximately 10%.
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4Q Results Better Than Expected For JCI
Wednesday, October 27, 2010 - 8:07am | 127Deutsche Bank has published a research report on Johnson Controls (NYSE: JCI) stating that 4Q results appear in-line and growth supports the company's upside. In the report, Deutsche Bank writes "JCI reported FQ4 EPS of $0.60; slightly above our estimate and consensus of $0.57. Revenue of $9.04bn...
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Amerigon Reports Upbeat Q3 Results
Wednesday, October 27, 2010 - 6:18am | 55Amerigon Inc (NASDAQ: ARGN) reports its Q3 EPS at $0.12, beating the consensus of $0.10. ARGN reports its Q3 revenue at $30.5 million, versus the estimates of $29.31 million. ARGN shares gained 1.01% to close at $9.96 yesterday. Read more from Benzinga's Company news.
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Fast Money Picks For October 27th (JCI, AXP, PCL)
Tuesday, October 26, 2010 - 6:50pm | 132On CNBC's Fast Money, Guy Adami said that he is a buyer of Johnson Controls, Inc. (NYSE: JCI). Johnson Controls (JCI) dropped 0.72% today, and closed at $34.49. In the after hours, JCI gained 0.46%. Joe Terranova said that he bought some American Express Company (NYSE: AXP) today. American Express...
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The Daily Long and Short Setup
Tuesday, October 26, 2010 - 8:51am | 88Futures continue to gain traction to the downside. Both of the picks listed below have earnings reports this week, so either use these stocks for a quick 1-2 day play, or wait till after earnings to get into them. LONG: American Axle & Manufacturing (AXL) Read more...
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IN THE ZONE: The 'Party' Welcomes the Auto Parts Industry - Voice of the People
Monday, October 25, 2010 - 6:03pm | 445Zacks' Voice of the People Highlights user MightyMo: "IN THE ZONE: The 'Party' Welcomes the Auto Parts Industry" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post IN THE ZONE: The 'Party' Welcomes the Auto Parts Industry Bonds,...