3 Stocks Moving Shares of the Dow After Earnings

Ford Motor Co. (NYSE:F): The leading U.S. automaker reported earnings for the second quarter today.  Net income for the company fell to $2.4 billion (59 cents per share) vs. $2.6 billion (61 cents per share) a year earlier. This is a decline of 7.7% from the year earlier quarter, while revenues rose 13% to $35.5 billion from the year earlier quarter. Adjusted net income was 65 cents per share. By that measure, Ford beat the mean analyst estimate of 60 cents per share. It beat the average revenue estimate of $31.57 billion. “We delivered very good second quarter results while growing the business globally and serving more customers in every region,” said Alan Mulally, Ford president and CEO. “Despite an uncertain business environment, we further strengthened our balance sheet and continued to invest for the future.” F stock closed down 1.75%.

Competitors to Watch: General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), and Honda Motor CO., Ltd. (NYSE:HMC).

3M Company (NYSE:MMM): The diversified machinery company reported its results for the fiscal second quarter. Net income for 3M rose to $1.16 billion ($1.60 per share) vs. $1.12 billion ($1.54 per share) in the same quarter a year earlier. This marks a rise of 3.5% from the year earlier quarter. Revenue rose 14.1% to $7.68 billion from the year earlier quarter. The company fell in line with the mean analyst estimate of $1.60 per share. Analysts were expecting revenue of $7.6 billion.

“We posted record second-quarter sales and earnings per share and generated significant free cash flow in the quarter, and we did so in the face of some sizable headwinds,” said George W. Buckley, 3M chairman, president and chief executive officer. “Most significant was the impact of the Japan earthquake, which was in line with our projections. In addition, a larger-than-anticipated contraction in LCD TV end-market demand affected our sales, reflecting a tighter consumer electronics market as OEMs work to reduce channel inventories and lower their unit costs. Without these two impacts, organic sales growth would have been eight percent, so underlying strength remains.”

Competitors to Watch: General Electric Company (NYSE:GE), Danaher Corporation (NYSE:DHR), Johnson & Johnson (NYSE:JNJ), Tyco International Ltd. (NYSE:TYC), Honeywell Intl. Inc. (NYSE:HON), Siemens AG (NYSE:SI), and E.I. du Pont de Nemours & Co. (NYSE:DD).

The Hershey Company (NYSE:HSY): The chocolate and confectionery products maker reported its second quarter earnings, with net income rising to $130 million (56 cents per share) vs. $46.7 million (20 cents per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter. Revenues rose 7.5% to $1.33 billion from the year earlier quarter. The company met the mean analyst estimate of 55 cents per share. It beat the average revenue estimate of $1.27 billion. HSY stock finished up 0.29%.

“I’m pleased with Hershey’s second quarter results as solid marketplace momentum continued, resulting in strong overall financial performance,” said John P. Bilbrey, President and Chief Executive Officer. “Our business model and strategy to invest in core brands, disciplined innovation, Insights Driven Performance (IDP) and consumer capabilities remains effective and is sustainable. We’ll continue with this disciplined approach and build on these initiatives, in both domestic and international markets, as it will enable the Company to consistently meet its net sales and earnings objectives in the future.”

Competitors to Watch: Kraft Foods Inc. (NYSE:KFT), General Mills, Inc. (NYSE:GIS), and The J.M. Smucker Company (NYSE:SJM).

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