Consumer Goods: LululemonAthletica Inc. (NASDAQ:LULU) Reports Healthy Quarterly Report, General Motors‘ (NYSE:GM) Chinese Sales Picks Up Pace
On Thursday trading session, the Canadian-based yoga wear manufacturer LululemonAthletica Inc. (NASDAQ:LULU) announced financial earnings for the thirteen weeks concluded on October 28.
Net income jumped up to $57.3 million (39 cents per share), in contrast with $38.8 million (27 cents a share) last year same quarter. Net revenue climbed up 37 percent to $316.5 million, in contrast to $230.2 million last year. On average, Wall Street was anticipating earnings of 37 percent per share on sales of $305.3 million.
In last trading session, Lululemon Athletica inc. (NASDAQ:LULU) jumped +7.26% and closed at $73.57 with the total traded volume of 10.19 million shares. It has outstanding shares of 111.55 million with the total market capitalization of $10.59 billion and its beta value stands at 2.32 times. LULU has current ratio of 8.05.
General Motors‘ (NYSE:GM) reported that its sales in China in November jumped up 9.7% to 260,018 units, enhanced by a 17% hike in sales of its Buick brand and 8.4% for its Cadillac deliveries. Its Baojun brand, which carries two models reserved only for sale in China, witnessed a 70% hike to 10,232 units.
Shares of General Motors Company (NYSE:GM) moved down -1.72% and closed at $24.57 with the total traded volume of 9.71 million shares. Stock opened at $24.91 and its shares were trading within the range of $24.46-$25.00. GM has earnings per share of $2.66 and its price to earnings ratio ended at 9.22.
Smithfield Foods (SFD) announced a decline in second-quarter earnings and sale son Thursday, but earnings still better than analyst target, and the pork and packaged meats firm anticipated optmisitivgrowththru the next half of the year.
Smithfield Foods, Inc. (NYSE:SFD) gained 0.35% with the closing price of $22.98. The overall volume in the last trading session was 2.97 million shares. Its fifty two week range was $17.55-$25.12. The total market capitalization remained $3.44 billion.
SFD is ahead of its 52 week low with 30.94% and its last month’s price volatility remained 2.35%. Its beta coefficient was 1.74 with a target price of $22.00. Company’s current year earnings per share grew with -29.08% while the five years EPS growth rate was +3.14%.
Shares of Altria Group, Inc. (NYSE:MO) traded in a range of $33.10 to $33.48, completing the day down -$0.12, or -0.36% to $33.18. The total volume of shares exchanged was 9.30 million. The stock was at 16.34% as on Dec 06, 2012 for this year as compared to 23.90% in the last 12 months. The company established a 52-week high of $36.29 on Aug 01, 2012 and is now -7.39% down than that level.
The Coca-Cola Company (NYSE:KO) has now dropped about -6.81% from its record high price level, and has advanced by 9.84% for this year. It closed at $37.38, trading 1.04% above its 200 day moving average and 1.44% above its 20 day moving average. Latest close brings its distance from its 52-week low at +16.35%. The stock has a PE ratio of 19.47 and their market value is $167.66 billion.