Mexico City-based America Movil SAB de CV (ADR) (NYSE:AMX) reported that profit in the second- quarter moved down 46% as the Mexican peso weakened against the greenback.
America Movil, the biggest wireless carrier in the Americas by subscribers, reported in a statement on Thursday after markets closed that net income moved down to 13.3 billion pesos or $990 million from 24.3 billion pesos previous year. The company reported that sales moved up 9.3% to 191.7 billion pesos, evaluated against the median analyst forecast of 189.1 billion pesos, as shown in the Bloomberg compiled data.
America Movil, owned by billionaire Carlos Slim, is issuing additional debt in foreign currencies as it expands exterior to Latin America, deciding to acquire this year in the United States and Europe region.
Its competitors include Flexsteel Industries, Inc. (NASDAQ:FLXS) whose number of outstanding shares remained 6.80 million having insider ownership of 13.78% and Genuine Parts Company (NYSE:GPC) having outstanding shares 155.91 million with insider ownership of 0.45%.
Other consumer goods stocks include Ford Motor Company (NYSE:F) with insider ownership of 0.39%, Xerox Corporation (NYSE:XRX) insider ownership remained 0.24%, Kraft Foods Inc (NASDAQ:KFT) insider ownership stayed 0.14%, Crocs, Inc. (NASDAQ:CROX) having insider ownership of 1.03%, Altria Group, Inc. (NYSE:MO) with 0.28% insider ownership and The Procter & Gamble Company (NYSE:PG) possessing 0.04% insider ownership.
Leggett & Platt, Inc. (NYSE:LEG) stock’s trade at beginning with a price of $22.83 and the current trading session climbed at a high of $22.90 other than the stock finally advanced 0.36% to $22.57.
Shares price of LEG moved up from its 20 days moving average with +6.16% and remote positively from 50 days moving average with +9.22%. LEG current year earnings per share experienced a decline with -9.90% while its current quarter performance remained -3.68%.
LEG has a trade volume of Y million shares is lesser/higher as compared to average trading capacity of Y million shares.
LEG last month stock price volatility remained 2.14%. In its share capital LEG has 140.18 million outstanding shares among them 138.19 million shares have been floated in market exchange. LEG stock institutional ownership remained 73.55% while insider ownership included 2.24%.
The stock is ahead its 52 week low with 33.03% and lagging behind from its 52 week high price with -5.95%. Company’s beta coefficient included 1.13. Beta factors measures the amount of market risk associated with market trade.
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