A couple of earnings reports to run by you
Alibaba Q3 2014
- Q3 EPS $0.81 vs $0.74 exp
- Income -28% to ¥5.8bn
- Revenues ¥26.2bn vs ¥27.6bn exp
Shares were down 8% in the pre-market as the darling launch of 2014 plowed money into mobile apps.
Ford Q4 2014
- EPS $0.26 vs $0.22 exp
- Revenue 33.8bn vs 34.5bn exp
- Income 1.05bn vs 847.4m exp (adj)
- Sees higher auto revenues and operating margin
- Sees improved outlook in auto operation related cash flow
- Notes benign impact from currency fluctuations
- Pre-tax profit forecast unchanged
- Selling rich mix of high priced F150’s, rollout going well
The car and truck maker post some reasonable numbers and I’m still perplexed as to how the US auto industry is generally doing so well with the population seemingly spending on big ticket items like cars rather than on smaller goods. Either the dealers are making it up or buyers are going down the debt highway with financed purchases. We know what that means. Tick..tock..tick..tock
