CG Stocks News Ring! General Motors Company (NYSE:GM), Mondelez International Inc (NASDAQ:MDLZ)

Shares of General Motors Company (NYSE:GM) ended Friday session in green amid volatile trading. The shares closed up +1.29 points or 3.94% at $34.02 with 33.04 million shares getting traded. Post opening the session at $32.49, the shares hit an intraday low of $32.38 and an intraday high of $34.28 and the price vacillated in this range throughout the day. The company has a market cap of $53.90 billion and the numbers of outstanding shares have been calculated to be 1.52 billion shares.

General Motors Company (GM) recently declared record third-quarter earnings and revenue driven by robust retail sales in the United States, strong performance in China, growth in wholesale volume and effective cost performance.

Records:

Net revenue of $42.8 billion, up 10.3 percent

ROIC-adjusted of 30.6 percent, up 4.6 points

Third-quarter records:

Net Income of $2.8 billion, up 104 percent

EBIT-adjusted of $3.5 billion, up 14.4 percent

EBIT-adjusted margin of 8.3 percent

EPS diluted of $1.76, up 110 percent

EPS diluted-adjusted of $1.72, up 14.7 percent

North America EBIT-adjusted of $3.5 billion

Adjusted automotive free-cash-flow of $3.5 billion, up $2.7 billion

Shares of Mondelez International Inc (NASDAQ:MDLZ) ended Friday session in red amid volatile trading. The shares closed down -0.76 points or -1.81% at $41.16 with 12.64 million shares getting traded. Post opening the session at $41.85, the shares hit an intraday low of $40.97 and an intraday high of $41.92 and the price vacillated in this range throughout the day. The company has a market cap of $59.49 billion and the numbers of outstanding shares have been calculated to be 1.54 billion shares.

Mondelez International Inc (MDLZ) recently stated its third quarter 2016 results.

Net revenue reduced 6.6 percent, driven by currency headwinds and deconsolidation of the company’s Venezuelan operations.  Organic Net Revenue raised 1.1 percent, driven by continued improvement in overall volume/mix trends and pricing to recover currency-driven input costs in inflationary markets.

Gross profit margin was 38.9 percent, a decrease of 10 basis points, driven mainly by higher Restructuring Program costs partially offset by the deconsolidation of the company’s Venezuelan operations. Adjusted Gross Profit margin was 39.9 percent, a boost of 30 basis points.  Strong net productivity and improved volume/mix was mostly offset by higher trade investments in a few key markets.

Operating income margin was 11.0 percent, down 103 percentage points. Adjusted Operating Income margin expanded 220 basis points to 15.8 percent. These results reflect continued reductions in overhead costs, driven by the ongoing benefits from zero-based budgeting and raised shared services activities.

 

 

 

 

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