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Trader's Watch List: General Motors Company (NYSE:GM), IntelliPharmaCeutics Intl Inc (USA) (NASDAQ:IPCI), Las Vegas Sands Corp. (NYSE:LVS), American Express Company (NYSE:AXP)

Trader's Watch List: General Motors Company (NYSE:GM), IntelliPharmaCeutics Intl Inc (USA) (NASDAQ:IPCI), Las Vegas Sands Corp. (NYSE:LVS), American Express Company (NYSE:AXP)
Written by
Joel Najarian
Published on
October 16, 2014
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General Motors Company (NYSE:GM) said Wednesday it sold 2,449,595 vehicles around the world in Q3, up 2% compared with a year ago. GM data show it was the company's best Q3 since 1980. In the first nine months of 2014, GM sold 7,371,743 vehicles, up 2%. Q3 sales in the United States and China, the company's two largest markets, were up 8% and 14%, respectively. Year to date, sales in the United States and China were up 4% and 12%, respectively. General Motors Company (NYSE:GM) is on track to surpass sales of 3 million vehicles in China for the second consecutive year and the company expects to top last year's record sales of 3.16 million vehicles.IntelliPharmaCeutics Intl Inc (USA) (NASDAQ:IPCI) posted late Wednesday financial results for Q3, or the quarter ended Aug. 31, 2014, with a narrower-than-expected loss per share, while revenue topped analysts' expectations. The pharmaceutical company reported a Q3 net loss of $1.7 million, or $0.07 loss per share, compared with a net loss of $2.0 million, or $0.10 loss per share in the prior-year period. The Capital IQ analyst estimate is for $0.11 loss per share.The company attributes the net loss in the quarter to the ongoing R&D and selling, general and administrative expense, and salary increases to certain non-management employees; partially offset by licensing and milestone revenue. Revenue was $1.07 million, compared with the analysts' estimate of $0.85 million. IntelliPharmaCeutics Intl Inc (USA) (NASDAQ:IPCI) did not record revenue in the year-ago period. Shares are trading between a 52-week range of $1.63 - $6.46.Las Vegas Sands Corp. (NYSE:LVS) earnings matched the Street view and revenue came up short. On a GAAP basis, net income attributable to Las Vegas Sands in the third quarter of 2014 increased 7.2% to $671.7 million, compared to $626.7 million in the third quarter of 2013, while diluted earnings per share in the third quarter of 2014 increased 9.2% to $0.83, compared to $0.76 in the prior year quarter. Las Vegas Sands Corp. (NYSE:LVS) reported $0.84 in adjusted earnings and $3.53 billion in revenue for Q3, versus the Street view of $0.84 per share on $3.67 billion in revenue. LVS trades in a 52-week range of $57.94 to $88.28.American Express Company (NYSE:AXP) reported Q3 revenue narrowly missing Wall Street estimates while per-share earnings topped the Street view by a considerable margin. Revenue net of interest expense for the quarter was nearly unchanged over year-ago levels at $8.33 billion, narrowly missing the Capital IQ consensus by around $20 million. The company earned $1.5 billion, or $1.40 per share, up 8 percent from a $1.4 billion profit last year and beating the Street view by $0.04 per share. American Express Company (NYSE:AXP) shares are trading between a 52-week range of $75.23-96.24.

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