General Motors and 2 Stocks Attracting Traders After Earnings
General Motors Company (NYSE:GM) reported its results for the fourth quarter. Net income for the auto manufacturer fell to $472 million (28 cents per share) vs. $510 million (31 cents per share) a year earlier. This is a decline of 7.5% from the year earlier quarter. Revenue rose 3% to $38 billion from the year earlier quarter. General Motors Company reported adjusted net income of 40 cents per share. By that measure, the company fell short of mean estimate of 42 cents per share. Analysts were expecting revenue of $38.21 billion.
“In our first full year as a public company, we grew the top and bottom lines, advanced our global market share and made strategic investments in our brands around the world,” said Dan Akerson, chairman and CEO. “We will build on these results as we bring more new cars, crossovers and trucks to market, and make GM a far more efficient global team. This includes reducing our break-even level in Europe and South America and driving higher revenues around the world.”
Competitors to Watch: Ford Motor Company (NYSE:F), Toyota Motor Corp. (NYSE:TM), HONDA MOTOR CO., LTD. (NYSE:HMC), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM), Spartan Motors, Inc. (NASDAQ:SPAR), and Federal Signal Corporation (NYSE:FSS).
DIRECTV (NASDAQ:DTV) reported net income above Wall Street’s expectations for the fourth quarter. Net income for the catv systems company rose to $718 million ($1.02 per share) vs. $618 million (74 cents per share) in the same quarter a year earlier. This marks a rise of 16.2% from the year earlier quarter. Revenue rose 12.7% to $7.46 billion from the year earlier quarter. DIRECTV beat the mean analyst estimate of 91 cents per share. Analysts were expecting revenue of $7.41 billion.
“Our fourth quarter results capped off another strong year of industry leading growth as we further extended our position as the world’s largest provider of pay television services with nearly 32 million subscribers in the U.S. and Latin America,” said Mike White, president and CEO of DIRECTV. “Strong consumer demand for DIRECTV and SKY’s premium brands drove full year gross additions in both our U.S. and Latin American businesses to all-time highs fueling the largest annual net gain in DIRECTV’s history of nearly 3.7 million subscribers including Sky Mexico. The tremendous subscriber performance along with solid ARPU growth fueled an acceleration of full year consolidated revenue growth to 13% exceeding the growth rates recorded over the past two years. In addition, earnings per share grew by over 50% in 2011 due to the higher operating profit at both DIRECTV U.S. and Latin America, as well as our share repurchase program.”
Competitors to Watch: Comcast Corporation (NASDAQ:CMCSA), Time Warner Cable Inc. (NYSE:TWC), Cablevision Systems Corp. (NYSE:CVC), Time Warner Inc. (NYSE:TWX), The Walt Disney Company (NYSE:DIS), CBS Corporation (NYSE:CBS), Mediacom Communications Corp. (NASDAQ:MCCC), News Corporation (NASDAQ:NWSA), Liberty Global Inc. (NASDAQ:LBTYA), Charter Communications, Inc. (NASDAQ:CHTR), Netflix (NASDAQ:NFLX), TiVo (NASDAQ:TIVO), DirectTV (NASDAQ:DTV), Dish Network (NASDAQ:DISH) and Entravision Communication (NYSE:EVC).
VF Corporation (NYSE:VFC) reported higher profit for the fourth quarter as revenue showed growth. Net income for the clothing company rose to $257.3 million ($2.28 per share) vs. $54.2 million (49 cents per share) in the same quarter a year earlier. This is a more than fourfold rise from the year earlier quarter. Revenue rose 36.9% to $2.91 billion from the year earlier quarter. VF Corporation reported adjusted net income of $2.32 per share. By that measure, the company was about in line with expectations as the mean analyst estimate was $2.30 per share. Analysts were expecting revenue of $2.89 billion.
“The power of the VF portfolio – diversified, global and growing – has never been more evident,” said Eric Wiseman, Chairman and Chief Executive Officer. “In 2011 we achieved record revenues, record earnings and record cash flow, and we completed the transformational acquisition of Timberland. The successful execution of our key international and direct-to-consumer growth drivers has delivered healthy organic growth, strong profitability and consistent return for our shareholders this year, and we look forward to building on this momentum in 2012 and beyond.”
Competitors to Watch: Gap (NYSE:GPS), Sears Holdings (NASDAQ:SHLD), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Urban Outfitters (NASDAQ:URBN), Abercrombie & Fitch (NYSE:ANF), American Eagle Outfitters (NYSE:AEO), Aeropostale (NYSE:ARO), J.C. Penney (NYSE:JCP), Saks (NYSE:SKS), Macy’s (NYSE:M), Dillard’s (NYSE:DDS), Nordstrom (NYSE:JWN), True Religion Apparel, Inc. (NASDAQ:TRLG), Cherokee Inc. (NASDAQ:CHKE), and The Warnaco Group, Inc. (NYSE:WRC).
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