U.S. Movers: Ford, General Motors, FireEye, Lindsay, Landec

Mukesh Buch
03 Jan, 2014
New York City

Chrysler December sales jumped 6%, Ford sales rose 2% and GM sales declined 6%. FireEye agreed to acquire Mandiant Corp for about $1 billion. Lindsay net dropped 31%. Landec net tumbled 61%.

[R]11:05 AM New York – Chrysler December sales jumped 6%, Ford sales rose 2% and GM sales declined 6%. FireEye agreed to acquire Mandiant Corp for about $1 billion. Lindsay net dropped 31%. Landec net tumbled 61%.[/R]

Chrysler Group LLC, the third largest U.S. domestic automaker reported December auto sales climbed 6% to 161,007 units, the best December month sales in six years and strongest annual sales since 2007. Chrysler sales rose for the fourth consecutive year.

Ford Motor Company ((F)) slid 5 cents to $15.41 after the automaker said total sales in December rose 2% to 218,058 units. For 2013, total unit sales were 2,412,224 units.

Sales of Ford Fusion soared 27% to 24,408 units and Fiesta sales climbed 25% to 71,073. Ford Escape sales for the month surged 22% to 24,462 units and for the year jumped 13% to 295,993 units.

General Motors Company ((GM)) dropped 2.7% or $1.12 to $39.83 after the largest U.S. vehicle maker said total 2013 sales jumped 7% compared to 2012. December sales declined 6% to 230,157 units from a year ago. Sales in the fourth quarter increased 6%.

FireEye Inc ((FEYE)) surged 30.2% or $12.44 to $53.57 after the computer-security provider agreed to acquire Mandiant Corporation for about $1 billion.

Lindsay Corporation ((LNN)) gained 1.7% or $1.38 to $83.90 after the irrigation and infrastructure services provider reported revenue in the first-quarter ending in November were flat at $147.7 million.

Net earnings in the quarter dropped 30.6% to $10.2 million or 79 cents per diluted share compared to $14.7 million or $1.15 per share.

Landec Corporation ((LNDC)) jumped 2.9% or 35 cents to $12.38 after the polymer products maker said revenue in the second-quarter ending on November 24 increased 5% to $120 million.

Net income in the quarter tumbled 60.7% to $3.5 million or 13 cents per diluted share compared to $8.9 million or 34 cents per share.