News / Business
Stock News on Earnings Release: F, SLB, WL
Stock News
Ford Motors Company (NYSE: F):Ford Motors, shares are currently up 3.97% to $12.57 in the pre-market trading. The company shares have 52 week price range of $6.61 - $14.57. The company shares have 50 day moving average of $11.31 and 200 day moving average of $10.91. Ford Motors, shares have support and resistance levels of $11.35 and $12.69.
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Ford Motors Corporation, which announced its second quarter 2010 results today, declared a Net Income of $2.6 billion. The Net Income for the quarter was 15% higher than the $2.26 billion which it reported in second quarter of 2009. The company announced a profit of $0.68 per share topping an average of $0.41 a share average estimate by 12 analysts. The revenue for the quarter was $31.3 billion, up $4.5 billion from the same period in 2009. Alan Mulally, CEO and President of Ford motors, said that the growth in profit was a direct result of development of new products, and the leaner global structure. The company CEO also predicted a stronger 2011.
Schlumberger Limited (NYSE: SLB):Schlumberger, shares are currently down 4.00% to $58.85 in the pre-market trading. The company shares have 52 week price range of $50.52 - $73.99. The company shares have 50 day moving average of $58.72 and 200 day moving average of $63.32. Schlumberger, shares have support and resistance levels of $58.82 and $62.02.
The world’s largest oilfield services provider Schlumberger Limited today announced a 33% increase in profits for second quarter 2010. Net Income of the company rose to $818 million or $0.68 per share, from $613 million or $0.51 per share a year earlier.
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Wilmington Trust Corporation (NYSE: WL):Wilmington Trust, shares are currently down 5.79% to $10.25 in the pre-market trading. The company shares have 52 week price range of $10.15 - $20.23. The company shares have 50 day moving average of $13.43 and 200 day moving average of $14.17. Wilmington Trust, shares have support and resistance levels of $10.39 and $11.28.
Banking and financial services provider Wilmington Trust Corporation today reported a $116.4 million loss for the second quarter 2010. The Net Loss available to the shareholders after dividends and accretion on preferred stock was $120.9 million or $1.33 per share. The main reason for the losses was an increased provision for loan losses of $205.2 million, $18.8 million of credit related expenses and $7.7 million of securities losses.
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