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

GM attracts bullish earnings plays

July 16, 2015

The auto maker has fallen 15 percent in the last three months, but traders apparently believe that it will report positive quarterly results next week.

GM

Traders bet GM will get back in gear

July 13, 2015

The auto maker has taken a beating amid vehicle recalls and worries about slow demand in China, but business has been improving in the United States.

OptionsHouse

Premium Services

Archived Webinar

Education & Strategy

Options Academy: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

View more education articles »