Notable Consumer Goods Stocks Movers (CCE, SKX, GT, TWI)

Coca-Cola Enterprises Inc. (NYSE:CCE) spurted 3.19% to $24.28 on a volume of 10.93 million shares after today announced that it expects comparable fiscal 2010 earnings per diluted common share (EPS) in a range of $1.74-$1.78 for new CCE on a pro forma basis. Pro forma revenue is expected to be approximately $7.4 billion with operating income just over $900 million. Skechers USA, Inc. (NYSE:SKX) plunged 17.65% to $19.46 on a volume of 10.75 million shares. Third-quarter profit rose to $36.4 million, or 74 cents a share, from $24.5 million, or 52 cents, in the year-earlier period. Sales rose 37% to a record $554.6 million. Analysts surveyed by FactSet had estimated profit of 99 cents a share on sales of $566.4 million. The stock today also touched a new 52-week low at $19.00. Further U.S. retail customers cancelled orders for the back-to-school selling period. Inventory jumped 46% to $326.7 million at the end of the third quarter, the company reported late Wednesday, adding it expects to "work through" it in the next six months. The Goodyear Tire & Rubber Company (NYSE:GT) also plunged 8.44% to $10.63 on an unusual volume of 7.94 million shares. Today it reported a loss of $20 million, or 8 cents a share — a reversal from a profit of $72 million, or 30 cents a share, in the same quarter during 2009. Excluding one-time items, the company would have earned 13 cents a share. Titan International, Inc. (NYSE:TWI) spurted 8.70% to $15.37 on a volume of 2.29 million shares after it announced its results for the third quarter of 2010. Sales for third quarter 2010 were $222.8 million, an increase of $81.3 million or 57 percent, as compared to $141.5 million in the third quarter of 2009.  Gross profit was $27.9 million for the third quarter of 2010, compared to a loss of $(3.0) million in the third quarter of last year.   Diluted earnings per share for the third quarter was $.11 per share, compared to a loss of $(.32) per diluted share in 2009.
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