Ford Sales on the Rise and 3 Hot Stocks Buzzing on The Street
A report in the London newspaper, The Times, claims that Roche (RHHBY.PK) is preparing a fresh $ 60 a share bid for Illumina (NASDAQ:ILMN). This would be higher by nearly 18% on the $ 51 bid which Illumina turned down in April 2012. Shares of Illumina are trading almost 5% higher at the time of writing.
Lighting products manufacturer Acuity Brands (NYSE:AYI) reports fourth-quarter EPS of $ 0.88 which is off market expectations by $ 0.04. Revenues are higher by 4% at $ 514.3 million but miss estimates by $ 8 million.
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Networking and Wi-Fi equipment and solutions provider Aruba Networks (NASDAQ:ARUN) delays the filing of its 10-K on the grounds that it “requires additional time to complete its assessment of the review, analysis and testing of the designed and operating effectiveness of its internal control over financial reporting, principally stemming from deficiencies identified in its information technology controls.”
Highlights of Ford’s (NYSE:F) September sales in the US: small car sales at 24,628 vehicles were the best since 2002 and showed a year-on-year growth of 73%. The Escape had the best ever September with sales of 23,148 units. Total vehicle sales, at 174,976, was flat from last year, though car sales were up 2%, utilities up 9% and F-Series trucks up 1%.