Consumer Cyclical Sector Review: Tata Motors Rising, Ford Hybrid Patents Increase

Tata Motors Limited (NYSE:TTM) is rising today after the company reported Q3 net revenue of $8.53B versus $5.93B in the same period one year earlier. Cash profit increased to $1.11B, versus $673M during the prior year. The company said its passenger vehicle sales jumped 33% to 85,963 units, with the strength attributed to sales of the Nano and growth in its compact, utility vehicles and vans segments. Shares are up $1, or 3.83%, to $27.13 following the report.

The shares closed at $27.80, up $1.67, or 6.39%, on the day. Its market capitalization is $88.22 billion.

Masco Corporation (NYSE:MAS): Monday night, Masco (NYSE:MAS) reported Q4 EPS of (9c) from continuing operations vs. a consensus of (2c), and Q4 revenues of over $1.7B vs. a consensus of $1.78B. The company admitted 2011 was a “difficult year” and made optimistic comments for its 2012 outlook, saying that while its efforts to reduce costs and increase revenues did not improve performance as quickly as it anticipated in 2011, the company firmly believes that these actions will drive significant improvement in 2012, even if it sees no improvement in the housing markets. The comments did not help the stock in early trading today, as Masco is down $1.73, or 13.09%, to 11.49.

The shares closed at $11.63, down $1.6, or 12.09%, on the day. Its market capitalization is $4.16 billion.

Spartan Motors, Inc. (NASDAQ:SPAR) announced that it will relocate Utilimaster Corporation’s manufacturing operations, headquarters, and all supporting departments and functions, to Bristol, Ind., from the current location in Wakarusa, Ind. The move is expected to begin during the Q2 and be completed by yearend. The final lease agreements are pending as Company officials are working closely with leaders from state, county and local government in Indiana to finalize the negotiation of incentives for the relocation, which will result in continued economic growth and stability for Utilimaster, as well as the Elkhart area.

The shares closed at $5.87, down $0.52, or 8.14%, on the day. Its market capitalization is $197.11 million.

The Goodyear Tire (NYSE:GT): These charges were due to rationalizations, asset write-offs and accelerated depreciation; a loss of $16M, or 7c per share, related to business disruptions and costs resulting from the temporary closure of the company’s factory in Thailand due to flooding in that country; a net loss of $8M or 3c per share on asset sales; and net discrete tax benefits of $60M, or 24,c primarily due to the release of valuation allowances on foreign operations.

The shares closed at $13.25, down $0.72, or 5.15%, on the day. Its market capitalization is $3.24 billion.

Ford Motor Company (NYSE:F) said its innovations have led to a 50-fold increase in hybrid patents to nearly 500. The company expects its new Fusion Hybrid to achieve 47 mpg, which would make it America’s most fuel-efficient, non-rechargeable sedan.

The shares closed at $12.48, down $0.06, or 0.48%, on the day. Its market capitalization is $47.43 billion.

Avon Products, Inc. (NYSE:AVP): Says is “a time of tremendous change” for company. Comments made on the Q4 earnings conference call.

The shares closed at $17.80, up $0.27, or 1.54%, on the day. Its market capitalization is $7.67 billion.

Fossil, Inc. (NASDAQ:FOSL): Reports revenue $830.8M vs. consensus $841.12M.

The shares closed at $119.82, up $15.32, or 14.66%, on the day. Its market capitalization is $7.50 billion.

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