On Thursday, Shares of General Motors Company (NYSE:GM), gained 0.82% to $31.86.
General Motors Company sales in China fell 4 percent year-on-year in July but the U.S. automaker said it remained on track to achieve an upbeat aim for profit margins this year in its second-largest market.
GM and its joint ventures sold 229,175 cars in China in July, attributing the decline to model changeovers, according to a statement on its website on Thursday.
The July drop compares with a 0.2 percent enhance in June and a 4 percent decline in May. GM sales grew 3.3 percent in the January-to-July period contrast with the same months last year.
While industry-wide data shows car sales faltering as China’s economy grows at its weakest pace in 25 years, GM spokeswoman Irene Shen said the company still anticipates to maintain strong margins around 9 to 10 percent - a level that GM China chief Matt Tsien said in May the company was aiming for this year.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
Shares of Teradata Corporation (NYSE:TDC), declined -16.10% to $30.43, during its last trading session, hitting its lowest level.
Teradata Corporation stated revenue of $623 million for the quarter ended June 30, 2015, as compared to $676 million stated in the second quarter of 2014. Revenue in the second quarter reduced 8 percent, and 2 percent when contrast in constant currency.
Gross margin in the second quarter was 52.5 percent, as stated under U.S. Generally Accepted Accounting Principles (GAAP), as compared to 54.9 percent in the second quarter of 2014. On a non-GAAP basis, not taking into account stock-based compensation expense and the other special items described in footnote #2, gross margin was 54.3 percent, down from 56.1 percent in the second quarter of 2014 due to lower revenue volume, revenue mix and foreign exchange currency impact.
Teradata Corporation provides analytic data platforms, marketing and analytic applications, and related services in the United States and internationally. Its analytic data platforms comprise software, hardware, and related business consulting and support services for data warehousing and big data analytics.
Finally, Generac Holdings Inc. (NYSE:GNRC), ended its last trade with -13.98% loss, and closed at $29.10, hitting its lowest level.
Generac Holdings stated financial results for its second quarter ended June 30, 2015.
Second Quarter 2015 Highlights
- Net sales were $288.4 million during the second quarter of 2015 as contrast to $362.6 million in the preceding-year second quarter.
- Residential product sales were $133.5 million during the second quarter as contrast to $179.6 million in the preceding-year quarter, primarily due to lower demand of home standby generators as a result of a power outage severity environment that continues to remain challenging.
- Commercial & Industrial (C&I) product sales were $134.6 million during the second quarter as contrast to $163.5 million in the preceding-year quarter, primarily due to a decline in shipments to oil & gas markets and, to a lesser extent, reduced shipments to telecom national account customers.
Generac Holdings Inc. designs, manufactures, and markets power generation equipment and other engine powered products for the residential, light commercial, industrial, oil and gas, and construction markets in the United States, Canada, and internationally.
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