12:25 PM New York – Ford, Fiat Chrysler, GM, Nissan U.S. sales in September surged. Bassett Furniture profit and revenues jumped. JPMorgan plans to bid for $18 billion of mortgages sold by the U.K. government. McCormick net tumbled 21%. Rite Aid same store sales increased 1.5%.
Tollbooth Index slipped 75.29 or 0.7% to 10,050.94.
Bassett Furniture Industries Inc
) surged 10.8% or $3 to $30.85 after the home furnishing company said total sales in the third-quarter ending on August 29 surged 30% from a year ago to $111 million.
Comparable store sales in the quarter soared 14%.
Net income in the quarter doubled to $4.3 million or 39 cents per diluted share compared to $2.3 million or 21 cents from the same quarter last year.
Ford Motor Company
) slid 1 cent to $13.56 after the auto maker said total U.S. sales in September jumped 23% to 221,599 vehicles and retail sales also soared 23% to 168,522 vehicles.
F-Series truck sales in the month advanced 16% to 69,651 and Ford brand SUVs achieved the best September results in 12 years and surged 27%. Mustang sales increased 199% and Lincoln sales totaled 8,680 vehicles and increased 20%, the best in last eight years.
Fiat Chrysler Automobiles NV
) slid 2 cents to $13.19 after the passenger cars maker said total U.S. vehicle sales in September surged 14% to 193,019 units from a year ago month and the September sales since 2000.
Total car sales in the month were flat at 39,328 units while truck sales soared 18% to 153,691 units from a year ago period. Jeep Brand sales jumped 40% to 77,201 units and Ram Truck brand sales increased 4% to 39,946 units.
Chrysler brand sales declined 5% to 27,250 units and Dodge brand sales rose 3% to 45,170 units.
General Motors Company
) gained 1.2% or 37 cents to $30.39 after the automaker said total vehicles sales in September soared 12.5% to 251,310 units from a year ago month and sales for the year jumped 4.2% to 2,299,847 units.
GM retail sales in the month surged 17.3% to 203,895 units.
GM’s average transaction prices increased almost $800 per unit compared to August and almost $3,200 from a year ago month while incentives declined $400 per unit from last month and $800 from a year ago month.
Nissan Motor Co Ltd
, the car maker reported total U.S. sales in September jumped 18.3% to 121,782 units from 102,955 units in the same month a year ago.
Total car sales in the month soared 13.8% to 68,926 units while total truck sales surged 24.7% to 52,856 units from a year earlier.
JPMorgan Chase & Co
) rose 11 cents to $61.08 after the Bloomberg News reported financial services provider plans to bid for about £12 billion or $18 billion of mortgages sold by the U.K. government.
McCormick & Company, Inc
) declined 4.1% or $3.37 to $78.80 after the spice maker reported total sales in the third-quarter ending in August rose 2% from a year ago to $1.06 billion.
Net income in the quarter tumbled 20.6% to $97.6 million or 76 cents per diluted share compared to $122.9 million or 94 cents from the same quarter last year.
McCormick forecasted revenues for the fourth-quarter to jump between 4% and 6% but lowered its earnings per share guidance in the range of $3.11 to $3.18.
Rite Aid Corporation
) rose 4 cents to $6.11 after the retail drugstore chain said total drugstore sales in the four weeks ending on September 26 increased 1.8% to $2.059 billion and same store sales increased 1.5%.
Pharmacy same store sales jumped 2.2% but front-end same store sales decreased 0.1%.
, the liquid transportation and storage solutions provider stated revenues in the third-quarter ending in August declined 8.2% from a year ago to $500.7 million.
Net income in the quarter soared to $30.3 million or 54 cents per diluted share compared to $14.6 million or 25 cents from the same quarter last year.
Teva Pharmaceutical Industries Ltd
) gained 1.5% or 87 cents to $57.31 after the generic pharmaceutical maker agreed to acquire Mexico-based rival Representaciones e Investigaciones Médicas, S.A. de C.V (Rimsa) in a debt and cash free basis transaction for about $2.3 billion.
The transaction is expected to close in beginning of first-quarter of 2016.