Saks Incorporated (NYSE: SKS) and Ford Motor Company (NYSE: F) could climb, despite losses

Saks Incorporated (NYSE: SKS) quarterly loss was below analysts' forecasts

In brief: Saks Incorporated (NYSE: SKS) and Ford Motor Company (NYSE: F) shares continue to trade in the green zone, despite the financial problems.

Ford Motor Company (NYSE: F) shares may gain 1,5-2% today, – The Open Knowledge analysts believe. In their view, Saks Incorporated (NYSE: SKS) will grow in value as well.

The U.S. retailer Saks reported a decrease in net loss for the second quarter to end on July 31 with $ 54.5 million, or 39 cents per share a year earlier to $ 32.2 million, or 21 cents per share. Excluding certain items loss amounted to 13 cents per share on average analysts’ forecast of 17 cents per share. Sales for the period increased by 5,1% to $ 593.1 million.

Igor Tringlers
2010-08-17 13:19, Economics.

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