Ford Motor Company (NYSE:F) reported its results for the fourth quarter. Net income for the auto manufacturer rose to $13.6 billion ($3.40 per share) vs. $190 million (5 cents per share) in the same quarter a year earlier. This marks a substantial increase from the year earlier quarter. Revenue fose 6% to $34.6 billion from the year earlier quarter. F reported adjusted net income of 20 cents per share. By that measure, the company fell short of mean estimate of 27 cents per share. It beat the average revenue estimate of $32.35 billion.
“We delivered strong results for the full year as we continued to serve our customers around the world with best-in-class vehicles and make progress toward our mid-decade goals,” said Alan Mulally, Ford president and CEO. “Despite the continued uncertainty in the external environment, the strength of our North American and Ford Credit operations allows us to continue to invest for future growth and develop outstanding products with segment-leading quality, fuel efficiency, safety, smart design and value.”
Competitors to Watch: General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), HONDA MOTOR CO., LTD. (NYSE:HMC), Tesla Motors Inc (NASDAQ:TSLA), Navistar Intl. Corp. (NYSE:NAV) and Spartan Motors, Inc. (NASDAQ:SPAR).
Procter & Gamble Co. (NYSE:PG) reported its results for the second quarter. Net income for the personal products company fell to $1.69 billion (57 cents per share) vs. $3.33 billion ($1.11 per share) a year earlier. This is a decline of 49.3% from the year earlier quarter. Revenue fose 3.7% to $22.14 billion from the year earlier quarter. PG reported adjusted net income of $1.10 per share. By that measure, the company beat the mean estimate of $1.08 per share. Analysts were expecting revenue of $22.2 billion.
“We continue to make progress against our key business priorities in a difficult macroeconomic environment,” said Chairman of the Board, President and Chief Executive Officer Bob McDonald. “We delivered solid top-line growth and continued to accelerate productivity improvements to drive down costs. With the easing of commodity cost comparisons over the next two quarters, continued solid top-line growth and cost savings progress, we expect operating profit growth to accelerate in the second half of the fiscal year.”
Competitors to Watch: Church & Dwight Co., Inc. (NYSE:CHD), Colgate-Palmolive Company (NYSE:CL), The Clorox Company (NYSE:CLX), Kimberly-Clark Corporation (NYSE:KMB), Johnson & Johnson (NYSE:JNJ), Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA), CCA Industries, Inc. (AMEX:CAW), and Zep, Inc. (NYSE:ZEP).