On Thursday, Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU), gained 3.05% to $13.84.
FCA posted European sales of 70,500 units for the month of October, representing a 7.7% year-over-year improvement that was significantly higher than the industry average of 2.7%. For the ten months year-to-date, sales were up 12.9% (+8.2% for the industry) to 738,500 units. The Fiat Panda and 500 continued as leaders in the European A segment, with a combined share of 28.7% for the month. The 500 has also just passed the 1,500,000 mark for the number of vehicles produced in Europe. The Fiat 500L has now ranked as the best-selling Small MPV in Europe for more than a year (22.3% segment share year-to-date) and the 500X has firmly established itself as one of the most popular vehicles in the Small SUV segment. On the back of these individual performances, the Fiat brand continued to outperform the industry average with October sales up 8.6% year-over-year. Jeep brand sales were up 145.6% for the year-to-date, driven by the performance of the Renegade that ranks among the top ten in its segment.
In October, the European passenger car market (EU28+EFTA) posted new vehicle registrations up 2.7% to more than 1,144,000 units.
For the ten months year-to-date, registrations were up 8.2% to nearly 12,000,000 vehicles.
FCA closed the month with sales up 7.7% over October a year ago to more than 70,500 vehicles. This marked the tenth successive month that the Group has outperformed the industry average, taking European market share to 6.2% (+30 bps).
For the year-to-date, FCA sales were up 12.9% to nearly 738,500 vehicles and share raised to 6.2% (+30 bps).
FCA posted sales improvements in most major European markets, in several cases outpacing the industry. In Italy, sales were up 10.8% in October and 16.8% year-to-date. FCA also posted sales improvements in: Germany (+7.5% year-to-date); France (+5.5% in October and +12.8% year-to-date); the UK (+6.2% in October and +4.3% year-to-date); and Spain (+16.9% in October and +27.7% year-to-date). Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, in addition to after-sales services and parts under the Mopar brand name.
Shares of J M Smucker Co (NYSE:SJM), inclined 6.95% to $121.26, during its last trading session.
The J. M. Smucker Company, declared results for the second quarter ended October 31, 2015, of its 2016 fiscal year. All comparisons are to the second quarter of the preceding fiscal year, unless otherwise noted.
EXECUTIVE SUMMARY
- Net sales raised $595.9 million, or 40 percent, reflecting the contribution of Big Heart Pet Brands (“Big Heart”), attained in fiscal 2015, and growth within the U.S. Retail Coffee segment.
- Net income per diluted share was $1.47, a decrease of 5 percent, as the benefit from Big Heart operations was offset by merger and integration costs, higher interest expense, and the impact of additional shares outstanding.
- Non-GAAP income per diluted share was $1.62, an improvement of 6 percent, while adjusted non-GAAP income per diluted share, which excludes amortization, was $1.91, an improvement of 13 percent.
- Free cash flow was $211.0 million, reflecting the benefits of the Company’s working capital reduction initiatives.
- The Company updated its fiscal 2016 earnings outlook with non-GAAP income per diluted share predictable to range from $5.70 to $5.80, and adjusted non-GAAP income per diluted share predictable to range from $6.85 to $6.95.
The J. M. Smucker Company manufactures and markets branded food products worldwide. It operates through four segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; U.S. Retail Pet Foods; and International, Foodservice, and Natural Foods.
Finally, Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD), ended its last trade with -1.18% loss, and closed at $10.07.
Brocade, declared that the Brocade Virtual Evolved Packet Core has achieved VMware Ready™ status for Network Functions Virtualization (NFV). This designation indicates that after a detailed validation process, the Brocade Virtual Evolved Packet Core has achieved VMware’s highest level of endorsement, and can be found on the VMware Solution Exchange (VSX).
“This certification demonstrates a strong commitment between VMware as the leading virtualization vendor and Brocade as the networking leader for the New IP,” said Sachin Kapur, senior director, Software Engineering, Mobile Networking R&D, Brocade. “Brocade is one of the first to be certified by VMware Ready for NFV, and the certification builds on existing success Brocade and VMware have shared in delivering NFV solutions to the market.”
Brocade has shown leadership in delivering real-world NFV solutions to Communication Service Providers running on the VMware virtualization platform, and VMware Ready for NFV certifies the Brocade Virtual Evolved Packet Core for compatibility with the VMware NFV infrastructure. The Brocade Virtual Evolved Packet Core provides linear and independent scaling in signaling, throughput and storage, and exceeds the performance available from purpose-built hardware for traditional Evolved Packet Cores — all while enabling lower total cost of ownership.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments.