The S&P 500 (INDEXSP:.INX) is down today with companies to release quarterly earnings today include Anadarko Petroleum Corporation (NYSE:APC) and Eastman Chemical Company(NYSE:EMN). Among significant movements Sprint Nextel Corporation (NYSE:S) the most active stock and Southwestern Energy Company (NYSE:SWN) are up today while Alpha Natural Resources, Inc. (NYSE:ANR) is suffering largest fall.
Data provided by Thomson Reuters through Friday, there were 280 companies in the S&P 500 that have released financial results to date for Q2 2012 and out of those 67 percent have reported better-than-expected earnings. The average over the last four quarters stands at 68 percent.
General Electric Company (NYSE:GE)
GE (NYSE: GE) has installed the first 1,500-VDC open circuit central inverter for efficacy scale solar power plants, marking a latest technology landmark in the global effort to amplify renewable energy fabrication by driving down overall system costs. The inverter will facilitate decrease system costs, which is very important to making solar power a more cost-effective substitute to fossil fuel technologies.
In mid day trading, General Electric Company (NYSE:GE) plunged -0.81% and closed at $20.76 with the total traded volume of 21.84 million shares.
General Electric Co has sufficient sales to rationalize the major U.S. conglomerate’s sponsorship by selling about $100 million of lights, power supplies and medical devices for the London Olympic Games.
Ford Motor Company (NYSE:F)
Ford Motor Company (NYSE:F) overall profits dropped 57% in the second quarter earnings since the challenges overseas are increasing. But the good is that just like last quarter, the Ford Motor Company’s sales and profits in its most central market, the U.S.A. sustained to be strapping enough for the company to weather just about any confront.
Ford Motor Company (NYSE:F) jumped +1.06% and closed at $9.10 with the total traded volume of 21.09 million shares in mid day trading. Ford has earnings per share of $4.75 and its price to earnings ratio ended at 1.92. It has current ratio of 7.28 and its debt-to-equity ratio was 5.06.
Sprint Nextel Corporation (NYSE:S)
In mid day trading, shares of Sprint Nextel Corporation (NYSE:S) moved up +2.78% to $4.43. The overall volume in the last trading session was 76.68 million shares. Its fifty two week range was $2.10-$4.51. The total market capitalization remained $13.28 billion.
S is ahead its 52 week low with 109.52% and its last month price volatility remained 7.23%. Its beta coefficient was 1.06 with a target price of $3.95. S has insider ownership of 0.39% with its institutional ownership remained 85.39%. Company’s current year earnings per share grew with 16.79% while the five year EPS growth rate was +3.86%.