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Superior Industries International, Ford Motor, General Motors, Vulcan Materials Company and Moody's

  //house-home.news-articles.net/content/2010/08/1 .. motors-vulcan-materials-company-and-moody-s.html
  Published in House and Home on Monday, August 16th 2010 at 14:15 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

CHICAGO--([ BUSINESS WIRE ])--Zacks.com Analyst Blog features: Superior Industries International, Inc. (NYSE: [ SUP ]), Ford Motor Co. (NYSE: [ F ]), General Motors (Nasdaq: [ MTLQQ ]), Vulcan Materials Company (NYSE: [ VMC ]) and Moody's Corp. (NYSE: [ MCO ]).

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Here are highlights from Fridaya™s Analyst Blog:

Superior Industries Exceeds Estimates

Superior Industries International, Inc. (NYSE: [ SUP ]) posted income of $14.2 million or 53 cents per share (excluding the loss on sale of the company's joint venture in Hungary) in the second quarter of 2010, compared with a loss of $21 million or 79 cents per share in the year-ago quarter. The profit, led by an increase in unit shipments, far exceeded the Zacks Consensus Estimate of 21 cents per share.

Consolidated sales more than doubled to $194.6 million from $80.9 million a year ago, driven by a 114% rise in unit shipments and a 14% hike in average selling prices. Sales were higher than the Zacks Consensus Estimate of $155 million.

Unit shipments to Ford Motor Co. (NYSE: [ F ]) increased 68%, General Motors (Nasdaq: [ MTLQQ ]) shot up 139%, Chrysler jumped 264% and international customers rose 115%.

Vulcan Downgraded by Moodya™s

Vulcan Materials Company (NYSE: [ VMC ]) has undergone a rating cut by Moody's Investors Service, a subsidiary of Moody's Corp. (NYSE: [ MCO ]).

The company's senior unsecured rating has been lowered to "Baa3" from "Baa2", whereas its commercial paper rating has been reduced to "Prime-3" from "Prime-2". Moodya™s has also maintained a "negative" outlook on the company.

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