The only car manufacturer in the United States, which escaped bankruptcy (unlike GM and Chrysler) – Ford, announced that during the third quarter made a profit of 997 million dollars. This is a positive result for the company’s operating profit for the first quarter of 2008. Profits before tax amounted to 1.1 billion dollars or 26 cents a share, compared with a loss of $ 3 billion for the period July-September 2008, analysts expected a loss of 20 cents per share. We recall that in the second quarter the company also reported a profit but it was a result of debt restructuring, which was then reduced 10 billion dollars due to capitalization. The company’s revenues fell by 2.5 percent compared with same period of 2008, falling approximately 30.9 million, which, however, is expected by the market over 28.5 billion dollars.
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McDonald’s, which is the largest chain of fast food resturanti in the world, said profit for the third quarter by 5.9 percent over the same period last year. The company’s net profit amounted to 1.26 billion dollars or 1.15 percent per share 1.19 billion and 1.05 dollars per share. Company revenue for the period decreased by 3.5% to 6.05 billion dollars. Analysts forecast a profit of 1.11 dollars per share. In the United States in recent months, the company counts on its new range of products, which includes the McCafe espresso and largest sandwich came out until now Angus. After the data the company’s shares jumped by 2.5 percent to 59.80 dollars as the beginning of the year decreased by 6.2%.
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One of the largest pharmaceutical companies in the world – the U.S. Merck, has tripled its profits in the third quarter. The reason for this lies in the successful sale of its subsidiary for Merial Veterinary Medicine of the French pharmaceutical company Sanofi-Aventis SA. Merck’s net profit for the period from July to September jumped to 3.46 billion dollars or 1.61 dollars a share, from profit of 1,12 billion, or 51 cents per share for the third quarter of 2008 After excluding one-off effects of earnings per share amounted to 90 cents. This proved to 8 cents more than the expectations of market analysts, cited by Bloomberg. Revenue of New Jersey-based company rose by 2 percent annually to $ 6 billion as Merck won 1.7 billion dollars from the sale of its subsidiary company, Merial. Merck plans to acquire 41 billion dollars against rival Schering-Plough by the end of this year. Schering-Plough published earlier today its financial results for the third quarter, which showed a profit decline of 16% to 515 million dollars, or 29 cents a share.
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Italian Fiat automobile concern announced that for the third quarter of the year, sales revenue fell by 62 percent, and the reason for this is mostly a partnership with Chrysler Group, wrote in an online version of newspaper Wall Street Journal. The report of the company shows that its net profit in the third quarter fell nearly 19 times – up to 25 million, compared to 468 million EUR a year earlier. Revenue fell to 12 billion euro, 14.3 billion EUR a year ago at this time. “The company may reconsider the viability of investments made and planned, and even lead to their reduction,” he wrote in a message distributed to the media of concern. Because of this Fiat forecasts that revenue from sales by the end of the year will fall by another 1 billion EUR and losses of the Group will reach 5 billion EUR.
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European Aeronautic, Defence & Space (EADS), the company that owns Airbus, reported 69 percent growth in its gross profit for the second quarter versus the same period of 2008, forward agency Bloomberg. The increase is due to the implementation of more supplies, as the company claimed that by the end of year performance contracts will be approximately the same size as those of 2009. Positive financial result amounted to 656 million. For the period April-June in the company have received cash amounting to 1.17 billion dollars or 20 percent over the same period of 2008. Air-plane building company delivered 138 aircraft for that period to 116 years earlier. In 2008 the company delivered 483 aircraft.
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The Eight major banks are already with profits in the U.S., which reported earnings in the second quarter of 2009 today to the group, which fell safe as Goldman Sachs and JP Morgan Chase joined Bank of America and Citigroup. The Bank of America reported profits of 3.2 billion dollars during April-June (or $ 0.33 per share) and revenues amounted to 33.1 billion dollars, which is 60 percent more. The results were better than expectations, according to which profits should be between 0.28 and 0.29 dollars per share. Last year in the second quarter was 0.72 dollars per share (or profit amounted to 3.41 billion dollars). The Net income of Bank of America for the period April-June increased by 9 percent to 11.9 billion dollars. Furthermore, the Bank announced that during the second quarter expanded loans to more than 211 billion dollars. Treasury announced that it added reserves (provisions) for credit losses amounted to 13.4 billion dollars. Citigroup results show a net profit of 3.1 billion dollars for the second quarter of 2009, or earnings of 0.49 dollars per share (compared to a loss of 0.55 dollars per share or net losses of 2.5 billion dollars in the second quarter of 2008 ). Bank earnings have amounted to 29.97 billions USD revenues to 17.54 billion dollars for the prior year.
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The U.S. bank Goldman Sachs will likely account for a huge profit in the second quarter of 2009. The publication quoted analysts that the bank will take into account the profit of more than $ 2 billion for the period March-June, the average expectation of Wall Street have a net profit of Goldman Sachs from $ 3.54 per share. These gains would exceed the profits of Goldman Sachs for the first quarter that were in the amount of $ 3.39 to share. Despite these rather positive expectations about the profitability of Goldman Sachs, the U.S. stock markets and the world today, July 13, remain under pressure. Asian markets fell by around 2 percent and U.S. stock futures are “red” with 0.75-0.85%, due to concerns about the financial performance of major U.S. companies for the second quarter. The average estimates are for losses of about 36 percent in financial performance results of these 500 companies entering the index S & P500. The focus this week will be placed on the accounts of leading U.S. banks are expected as follows: a Goldman Sachs (of 14.07), of JP Morgn Chase (16.07) and Bank of America and Citrgoup (17.07). Special forecasts for the banks are better financial results for the second quarter, but they relate mainly to weaken rules on so-called market valuation of financial assets (mark-to-market accounting), which came into force exactly in the second quarter of 2009. While banks in the U.S. enjoy a good state banks in the UK are at risk.
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