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Late Movers: Ford rises in extended trading after beating Street on revenue

Also in play in New York trading are Synchrony Financial and Procter & Gamble
Ford sign
The automaker edged up after reporting fourth-quarter results

Ford Motor Co (NYSE:F) climbed in extended trading after reporting fourth-quarter automotive segment revenue that beat the estimate of analysts.

The stock advanced 0.5% to $8.38. 

IBM Corp (NYSE:IBM) shares jumped as fourth-quarter earnings came in better than expected. The company beat on both top and bottom lines. Revenue for the three months came in at $21.76 billion, compared with the $21.71 billion expected by Wall Street. Earnings per share (EPS) was $4.87, which beat analysts’ estimates by $0.05. The company also provided 2019 earnings guidance of $13.90 per share, which beat analysts' estimates of $13.79.

Shares closed up 8.5% to $132.89.

Procter & Gamble Co (NYSE:PG) shares rose after the consumer goods giant unveiled second-quarter earnings and sales that beat expectations. Adjusted EPS (earnings per share) was $1.25, which was ahead of the $1.21 consensus. Sales of $17.44 billion were up from $17.40 billion last year and exceeded the consensus of $17.16 billion.

Shares added 4.8% to $94.84.

Synchrony Financial (NYSE:SYF) shares surged as the Stamford, Connecticut-based financial services group extended its strategic partnership with Sam's Club, a segment of Walmart Inc (NYSE:WMT). Synchrony, as part of the deal, will continue to manage and service the credit card programs for Sam's Club members across the retailer's nearly 600 clubs. It also told investors that it had reached an agreement on the sale of the Walmart loan portfolio it currently services.

The stock advanced 10.7% to stand at $29.40.

Comcast Corp (NASDAQ:CMCSA), the telecoms group, saw shares head north as it posted quarterly revenue that beat analysts' estimates. The top line was boosted by lower-than-expected video subscriber losses and growth in the broadcast TV and theme parks businesses. Revenue added about 26% to $27.85 billion in the fourth quarter. On an adjusted basis, that was $28.28 billion Analysts had expected revenue of US$27.55 billion.

Comcast shares added 5.5% to $36.89.

United Technologies Corp (NYSE:UTX) rallied as the airline-focused company said it saw profit increasing again this year despite the stronger US dollar. The company is ramping up its bet on the growing aviation market.

The shares added 5.3% to $117.04.


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