On Tuesday, Shares of Ford Motor Co. (NYSE:F), gained 1.92% to $14.83.
Ford Motor Company stated its 2015-second quarter financial results.
Highlights Comprise:
- Outstanding second quarter; company on track for a breakthrough year
- Pre-tax profit of $2.9B, up $269M or 10 percent from a year ago not taking into account last year’s special item charges
- Net income of $1.9B, up $574M or 44 percent from a year ago
- After-tax earnings per share of 47 cents, up 7 cents from a year ago not taking into account last year’s special item charges
- Best Automotive quarterly profit since 2000
- Wholesale volume up 2 percent, driven by North America and Europe
- Automotive revenue about equal, with higher net pricing and volume offset by unfavorable translation effects of the strong U.S. dollar on international operations
- Global market share grew to 7.6 percent, up one-tenth of a percentage point from a year ago
- 12 of 16 planned global new product launches accomplished; remainder on track
- Introduced SYNC® 3, the all-new communications and entertainment system
- Continued strong profit at Ford Credit; pre-tax profit of $506M
- Ford Smart Mobility plan moved from research to start of implementation; Ford Credit launched car-sharing pilot in six U.S. cities and London.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of Citigroup Inc. (NYSE:C), inclined 0.71% to $58.37, during its last trading session.
Citigroup declared the launch of Citi Mobile Challenge in Asia Pacific, part of Citi’s drive to foster digital and mobile innovation in banking.
Citi Mobile Challenge is a next-generation accelerator that combines a virtual hackathon with an incubator, a worldwide network of FinTech experts and Citi’s unparalleled global sponsors and clients to discover solutions across more than 100 markets. Developers from Asia Pacific and around the world are invited to build innovative solutions that are capable of running on Citi’s digital platform globally.
Registration for the Challenge will start on August 19, and selected participants will demonstrate their concepts at events in Bangalore, Hong Kong, Singapore, and Sydney.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Finally, United Technologies Corporation (NYSE:UTX), ended its last trade with 0.10% gain, and closed at $98.97.
United Technologies Corporation declared that Geraud Darnis, President and CEO of UTC Building & Industrial Systems, has informed the company of his decision to retire in January 2016.
“Throughout his 32-year tenure with UTC, Geraud has made countless contributions to our company’s success, playing a key role in securing our position as the world’s leading provider of high-technology building systems and services,” said UTC President and Chief Executive Officer Gregory Hayes. “Geraud has built an exceptionally strong leadership team across the commercial businesses and his leadership has resulted in a portfolio that is more focused and better positioned for future growth.
“Over the next few months, Geraud and I will work closely to ensure a smooth and successful transition of the leadership responsibilities for UTC Building & Industrial Systems,” Hayes added. “I know I speak on behalf of the entire UTC leadership team in thanking Geraud for his extraordinary service to our company and in wishing him the very best in his future endeavors.”
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.
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