Tuesday, July 24, 2012

Gentex Corporation Slumps On Earnings Miss (COL, DD, DLPH, EMC, GNTX)

Rockwell Collins Inc (NYSE:COL) decreased 4.86% to $46.79 after the Company declared third quarter results.  Income from continuing operations was $166 million compared to $157 million in the same period last year. Earnings per share were $1.14 compared to $1.01 in the third quarter of 2011. Earnings per share growth were due to the favorable effect of the Company's share repurchase program. Total sales increased 1% to $1.21 billion for the third quarter of 2012.

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E I Du Pont De Nemours And Co (NYSE:DD) went down 1.09% to $48.18. The Company is anticipating profit of $4.20 to $4.40 per share for 2012. The analyst estimate earnings of $4.27 for 2012.

Delphi Automotive PLC (NYSE:DLPH) went down 0.78% to $26.68 on a traded volume of 402k shares. Fitch Ratings has assigned initial Issuer Default Ratings of 'BBB-' to Delphi Automotive PLC and its subsidiary Delphi Corporation. The ratings apply to $982 million in secured term loans, a $1.3 billion secured revolving credit facility and $1 billion in senior unsecured notes.

EMC Corporation (NYSE:EMC) is up 0.69% to $24.97 on a traded volume of 14.01 million shares. The Company announced second quarter net income of $649.5 million or 29 cents per share compared to $546.5 million or 24 cents per share in the same quarter previous year.  Revenue increased 9.6% to $5.31 billion.

Gentex Corporation (NASDAQ:GNTX) slipped 27.90% to $15.23 on a traded volume of 11.25 million shares after the Company reported second quarter results. Net sales increased 15% to $280.3 million. Net income was $40.8 million compared to net income of $38.5 million in the second quarter of 2011. Earnings per diluted share were 28 cents compared to 27 cents per share in the second quarter of 2011.

How Should You Trade GNTX After Today’s Fall, Get Trend Analysis

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