Ford’s profit disappointed the analysts
Ford Motors announced weaker than expected earnings for the fourth quarter of last year due to disappointing results outside North America and rising raw material prices. The operating profit excluding extraordinary operations of the company fell to 1.1 billion USD, or 20 cents a share, nearly 1.3 billion USD, or 30 cents per share for the same period last year. The analysts on average were expecting earnings of 25 cents per share. Higher commodity prices, unfavorable exchange rates and worse-than-expected results at Ford in Europe, Asia and South America negatively affected the profit for the quarter. The annual cost of raw materials the company reached 2.3 billion USD, or 100 million dollars more than planned.
"We have seen the deteriorating external factors and it really hit most markets outside North America. The negative effect of commodity prices, exchange rates and floods in Thailand was a little more serious than expected", said Lewis Booth, CFO of the company. The Ford's losses in Europe in the fourth quarter widened to 190 million dollars compared with losses of 51 million USD for the same period last year. Booth stated that the market for some time in Europe will remain "difficult". Ford predicts that in 2012 the growth of the old continent will be affected by the debt crisis and the measures for budget savings. The Ford's net profit for the fourth quarter was 13.6 billion dollars or 3.40 dollars per share, due to extraordinary tax profit of 12.4 billion dollars. For the same period last year Ford announced a net profit of 190 million dollars, or 5 cents per share.
Procter&Gamble reported profit increase in Q4 2011
The profit of Procter & Gamble for the last quarter of last year fell 49% yoy, after the largest company in the world of household goods fell for the assessment of the business. The company also lowered its forecast for 2012 due to strong dollar. The net profit of Procter & Gamble's quarterly reached 1.10 dollars per share, as expectations of analysts was for 1.08 dollars per share, study reveals Reuters. The company revenue for the period reached 22.1 billion dollars in expected 22.2 billion.
"The quarter that just ended largely justified our expectations", said John Moller, CEO of the company. "During the period witnessed a substantial increase in commodity prices". The company announced that in fiscal 2012 it expects net sales to grow by 3-4% and year-end earnings per share reach 4.00 to 4.10 dollars. "Our forecast is slightly more conservative than the former, reflecting the unfavorable impact of exchange rates", says Moeller. "Especially the currencies of developing countries, whether for the Turkish lira and Brazilian real, are weaker than expected."
Caterpillar reported 60% profit growth
Another company from among the leading U.S. index Dow Jones Industrial Average, which surprised markets with a stronger than expected report is Caterpillar. The largest company manufacturing heavy machinery has achieved record sales and strong profit growth in the last quarter of 2011. The positive result of the company for the period was 1.55 billion dollars or 2.32 dollars per share. For the last three months of 2010 profit was 968 million dollars or 1.47 dollars per share. This growth is nearly 60 percent. The revenues of the giant rose 35 per cent yoy to a record 17.24 billion dollar company. The expectations were much lower - for earnings per share of 1.73 dollars on revenue of 16.05 billion dollars. The presentation of Caterpillar in the fourth quarter of 2011 confirms the strong year for the company. In almost all regions of the world the company has managed to achieve sales growth. For Caterpillar expects 2012 earnings of 9.25 dollars per share, above the consensus forecast of 9.07 dollars per share.
After publication of the report the company's shares rise in price by 2.7 percent to 112 dollars cash.
Exxon reported profit growth, but disappointed the analysts
The shares of Exxon Mobil Corp., The largest energy company in the world by market capitalization, fell after its sales for the fourth quarter of last year have betrayed the expectations of analysts. The revenue for the period of Exxon Mobil rose 16% to 121.6 billion dollars annually. Analysts surveyed by Bloomberg had expected sales to 124.4 billion dollars. After the result of Exxon's shares fell 1% to 84.6 dollars. Over the last three months of 2011 yields an annual basis for oil and natural gas fell by 8.8 percent to the equivalent of 4.53 million barrels of crude per day, said in a statement the company. The yield is still slightly lower than normal, said an analyst at Edward Jones & Co. "The company continues to experience problems raising their yields". In the last three months of last year oil futures like "Brent" traded at an average price of 109.02 dollars a barrel, or about 25% above the average price for the same period last year. The sales were affected by the oil glut in the North American natural gas market. In December, prices of fuels used in industry reached a 10-year low. Net profit for the period rose to 9.4 billion dollars, or 1.97 dollars per share, from 9.25 billion dollars or 1.85 dollars per share a year earlier. Analysts expectations were for earnings excluding extraordinary items of 1.98 dollars per share.
Ryanair reported 14.9 million EUR profit in fourth quarter
The low-cost airline Ryanair announced a net profit of 14.9 million EUR in the third quarter of fiscal year ending 31st March 2012, due to higher ticket prices and better weather than the same period previous year, registered a loss of 10.3 million EUR. The company indicated that fares were increased on average by 17% because of reduced number of seats and increased fuel prices by 18%. The revenue rose 13% to 844 million despite a 2% decline in the number of passengers to 16.7 million EUR from 17 million EUR an year ago. Last week, its main competitor Easyjet announced an increase in the number of passengers carried by 8.1% in the fourth quarter of 2011. By Ryanair expect their fuel costs this year to rise to 350 million EUR, leading to speculation that ticket prices will remain the same trend. According to the company's profit for the quarter was "slightly above forecast" and are expected during the current financial year profits to exceed the already announced 440 million EUR, rising to 480 million EUR. The majority of traffic and airline profits realized during the summer period.
Pfizer’s profit with 50% drop in Q4 2011
The U.S. pharmaceutical company Pfizer announced a sharp drop in profit in the fourth quarter of 2011. It is mainly due to non-recurring costs and decreased sales in the U.S. market. In the last three months of 2011 the manufacturer of Viagra has achieved a profit of 1.44 billion, or 19 cents a share. A year earlier, the positive result was 2.89 billion, or 36 cents a share. Aided by some one-off effects, Pfizer's profit was 3.86 billion dollars, or 50 cents a share, after the last quarter of 2010 it was 3.74 billion, or 47 cents a share.
The revenues for the reporting period were 16.7 billion dollars after 17.4 billion achieved in the last quarter of 2010. The expectations of analysts was for earnings after adjusting for one-off effects of 47 cents per share and revenue of 16.61 billion dollars. For in 2012 by Pfizer slightly adjusted profit forecast to range from 2.20 to 2.30 dollars per share.
In the last quarter of 2011 the eyes of analysts focused on sales of Lipitor. A patent for the production of top-selling drug in history ended on November 30. Although these results come just a month without the patent on Lipitor sales have melted by 42% in the U.S. and 24% of the world. Today, Pfizer's shares dropped 1.4 percent to 21.28 dollars per share.
Deutsche Bank reported loss in Q4 2011
Deutsche Bank announced a loss before tax for the fourth quarter of 2011, after investment banking declined against most of the debt crisis in the eurozone, but bad investments and legal claims spoiled the last presentation of the results by the Chief Executive Josef Ackermann. The credit institution registered a loss before tax of 351 million EUR with 707 million EUR in profit for the same period the previous year and missed totally with analysts' expectations for earnings of 1.05 billion EUR. For the fourth quarter the bank net profit fell an annual basis by 69% to 186 million, earnings per share is 15 cents with 63 cents in the same period of 2010. The revenues for the quarter fell 7% yoy to 6.899 billion EUR. The revenues from the Bank's debt products traded - its "cash cow" - has fallen by 38% during the period. Deutsche Bank has set aside 380 million USD and for the provision of litigation divisions to corporate banking and securities. Poor results are partly driven by the decisions of customers to avoid capital markets transactions and delay because the debt crisis in the eurozone. Among the positive aspects of the classical banking business presented by the private banking, funds management and services of the vaults. However, profit before taxation of asset management and funds, as well as retail banking amounted to 392 million EUR failed to compensate for the loss before tax of subdivisions corporate banking and securities of 422 million EUR.
Shell reported profit increase
Royal Dutch Shell reported profit growth for the last quarter of 2011 and announced plans for significant investments. The energy giant announced that this year will invest 30 billion USD in new oil and gas projects. In 2011, the company's investments totaled 24 billion USD. Due to higher oil prices surged Shell profit for the fourth quarter of 2011, despite weaker yield. For the period net profit reached 6.5 billion dollars to 5.7 billion dollars a year earlier. For the past year as a whole, net profit grew by 50% to 28.6 billion dollars. In the last three months of 2011 the price of oil was over 20% higher than the same period last year. However, Shell had to absorb losses of 278 million USD accumulated by oil refineries and weak sales at service stations. The results in the fourth quarter hit by record low prices for natural gas in North America, says Peter Vosar, CEO of the company.
"The global economy and energy markets are likely to remain highly volatile. Despite the uncertainty in the short term, Shell remains focused on its investment program", he said.
Volvo report for Q4 2011 exceeded the expectations
The second largest truck manufacturer in the world Volvo AB announced that it retains its forecast for 2012 after net profit for the fourth quarter of 2011 increased by 40% to 4.8 billion Swedish kronor (about 710 million dollars) due to increased sale. During the same period of 2010 net profit was 3.4 billion kroner, and now analysts expected growth to 4.7 billion kroner. The sales increased by 18% to 86.5 billion kronor from 73.4 billion kronor in the same period of previous year for preliminary estimates of experts to increase to 81.05 billion kroner. The operating profit for the quarter grew by 25.4% yoy to CZK 6.955 billion, but remained below analysts' expectations for growth to 7.24 billion kronor. For the entire 2011 net profit rose by 61.6 percent to 18.12 billion kronor from 11.21 billion in 2010 sales last year registering a growth of 17.2 percent to 310.367 billion kronor, while operating profit reached 26.9 billion kroons, increasing by 49.4% compared to 2010.
"The strong tendency of Volvo Group continued in the fourth quarter 2011 sales increased in all regions to improve profitability and cash flow was strong", said the CEO of the company. By Volvo indicated that orders in the fourth quarter decreased to 57,700 trucks compared with 62,100 in the third quarter, falling at the expense of Europe and South America and North America registered growth.
Suprisingly good financial results from 3M
The American company 3M, the index of blue-chip Dow Jones Industrial Average, would market expectations for their performance in the fourth quarter of 2011. With a major contribution to this strong performance of the unit for industrial and transportation services. The 3M Earnings for the fourth quarter of 2011 was 954 million dollars or 1.35 dollars per share. This is an increase of 3 per cent achieved for the same period last year 928 million dollars or 1.28 dollars per share. The revenues have increased even by 5.7 percent annually to 7.09 billion dollars, mainly due to sales in dollars and increased selling prices. The expectations of analysts was for earnings of 1.31 dollars per share and revenue of 7.08 billion dollars. The operating margin, however, the company has shrunk, falling from 19.4 to 19.2 percent.
Unit sales of industrial and transport services increased by 14 per cent. In unit security and defense, however, a decline of 9.4 percent. When screens and graphical components is there a decrease of 8.8 percent. Because of the relatively stable performance of the 3M company management confirmed its forecast for profit in 2012. It is expected to be in the range 6.25 to 6.50 dollars per share.
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