Consumer Good Stocks Closed Lower (Ford, GT, AVP)

Ford Motor Company (NYSE:F) slid 0.63% to $14.13. This week, the company said that its third-quarter net income jumped to $1.7 billion or 43 cents a share, from $997 million, or 29 cents a share, in the year-ago period. Revenue fell slightly to $29 billion from $30.3 billion. Wall Street analysts expected net income of 36 cents a share and revenue of $27.9 billion, according to a survey by FactSet Research. At Friday`s closing market price, the market capitalization of the company stands at $48.60 million. The Goodyear Tire & Rubber Company (NYSE:GT) dropped 3.22% to $10.22. The company reported a net loss of $20 million, or 8 cents per share, for the third quarter, compared with a net profit of $72 million, or 30 cents per share, a year earlier. Excluding one-time items that included debt refinancing, Goodyear reported earnings of 13 cents per share. Analysts on average expected Goodyear to report earnings of 10 cents per share on that basis, according to Thomson Reuters. The 52-week range of the stock is $9.10-$16.39. The stock went down more than 29% year-to-date. Avon Products, Inc. (NYSE:AVP) went down 1.81% at $30.45. Avon’s net income in the third quarter rose to $166.7 million, or 38 cents a share from $156.2 million, or 36 cents a share, a year earlier. Excluding one-time items, earnings were 41 cents a share, compared with the analysts’ average estimate of 47 cents, according to Thomson Reuters. Revenue was up 4 percent at $2.66 billion. Analysts on average forecast $2.69 billion. Over the past 52-week, the stock had traded within the range of $25-$36.39 and is down more than 4% year-to-date.
tdp2664
Newsworthy Stocks