GE Below $20, GM to ATTRACT Chevy Buyers and 2 Radar Stocks
Shares of consumer products maker Helen of Troy (NASDAQ:HELE) were off more than 10 percent as the company delivered a miss on its first quarter earnings and trimmed its 2013 forecast of earnings due to a challenging environment in retail sales; Q1 profit was $23.5 million (74 cents per share) compared to $24.6 million (78 cents per share), a year earlier, while revenues climbed 11 percent to $300.2 million; this compares with analysts’ expectations of earnings of 86 cents per share on revenues of $299.1 million. Earnings expectations for the full year have been lowered from the range $3.80 – $3.90 to $3.70 – $3.80.
Air leasing and financing company GE Capital Aviation Services (NYSE:GE) placed an order worth $9.25 billion, at list prices, for 100 Boeing (NYSE:BA) 737 planes; the order comes on top of a $7.2 billion booking the airplane maker received yesterday from Air Lease.
Shell Canada Energy has entered a five year contract with Jacobs Engineering (NYSE:JEC) to provide various services at Shell’s project in Alberta, Canada. The value of the deal has, however, not been disclosed.
General Motors (NYSE:GM) plans to attract buyers for its new line of 2013 Chevrolet models with two new programs through July and August: Cut-rate, ‘straight-from-the-sticker’ pricing that allows for no haggling, and a “Love it or Return it” policy that permits unsatisfied buyers to return vehicles within 60 days.