OptionsHouse

Options Trading News

November 9, 2011  Wed 7:36 AM CT

GM: SEE CHART GET CHAIN FIND STRATEGIES

Cites Economic Weakness in Europe


General Motors beat consensus estimates in its quarterly report today but said it will not meet its goal of breaking even in Europe because of the growing debt crisis there. The automaker said that third-quarter earnings came in at $1.7 billion, or $1.03 per share, compared with $2 billion a year ago and that revenues totaled $36.7 billion. The consensus forecast was $0.94 EPS on revenue of $35.9 billion. GM is down more than 7 percent on tradeMONSTER's extended-hours platform.


Silver Wheaton Profit Falls Short

The Canadian silver reseller reported third-quarter earnings of $0.38 per share, a fivefold increase over the same period last year, but missed the analyst target of $0.50 EPS. Sales also fell short of expectations, totaling $185.2 million versus the $225.78 million forecast. SLW is down more than 2 percent this morning.


Adobe Plunges on Surprise Layoffs

The software maker said last night that it would cut more than 7 percent of its workforce as it restructures its businesses. The company is standing by its fourth-quarter ourlook issued in September, but the layoff news took analysts and traders by surprise. ADBE is down more than 9.5 percent in the pre.
Share this article with your friends


Related Stories

GM

Trades show caution in General Motors

May 19, 2016

The auto maker reported bullish results in April and is up 6 percent in the last three months, but traders are looking at a possible pullback.

OptionsHouse

Premium Services

Education & Strategy

Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »