Today’s Stock Exchanges, April 27th. Meta better than expected, but the price lists remain weak
[ad_1]
Weak futures on European lists despite new positive indications from Meta’s accounts, which beat expectations and returned to grow revenues by 3% in the quarter, compared to the previous year, reaching 28.6 billion dollars. Analysts had expected a slight decline. The company’s guidance for the current quarter was also better than expected.
-
Samsung earnings plunge to 14-year low
-
Meta reassures the markets: title in evidence
Stm, count above your expectations
Stmicroelectronics closed the first quarter with profits and turnover beyond the forecasts of analysts and the company itself. Net revenues ‘were higher than expectations in the automotive and industrial sectors, partly offset by lower revenues in personal electronics,’ said semiconductor group chief executive jean-marc chery, noting that ‘the gross margin of the Q1, at 49.7%, was 170 basis points above the midpoint of our activity forecast range, primarily due to the product mix in a pricing environment that remained supportive. The semiconductor group reported net income of $1.044 billion, $1.10 per share, up 39.8% from $747 million, $0.79 per share, for the same period a year earlier (- 16.3% compared to the previous three months). Revenues grew 19.8% year over year (-4% qoq) to $4.247 billion, versus the company’s $4.2 billion estimate as an interim value at the end of the fourth quarter.
Samsung earnings plunge to 14-year low
Samsung Electronics reports its worst quarterly profits in 14 years, discounting slowdown in consumer spending on electronics and a global glut of microchips hitting its core memory business. The South Korean giant, world leader in memory chips and smartphones, announced an operating profit that fell to 640 billion won (-95.5% annually), equal to approximately 480 million dollars. Net profit stood at 1,570 billion (-86.1%) and sales at 63,750 billion (-18.1%). The group said in a statement that “total consumer spending has paid for the uncertain global macroeconomic environment.”
Deutsche Bank, net profit rises
Deutsche Bank reported group net income of 1.3 billion euros in the first quarter, up 8% from a year earlier, despite a sharp decline in investment banking revenues. Its pre-tax profit of 1.9 billion euros was the best quarterly result in 10 years, the German banking giant said in a statement. Overall revenues of €7.7 billion rose 5% on rapidly rising interest rates, but fell 19% in investment banking.
European stock exchanges, weak futures
A downward opening is expected for the European stock exchanges, which yesterday closed down, amidst the uncertainty of the economic prospects which is also marking the trend of the Asian stock exchanges today. At present futures on the Frankfurt Dax index are down 0.23% and those on the London FTSE 100 index by 0.27%. EuroStoxx futures mark 0.30%.
Meta reassures the markets: title in evidence
Meta, the group that controls Instagram, Facebook and WhatsApp, closed the first quarter of the year with net income of $5.7 billion, down 24% year-on-year, but better than market expectations, after the mega layoff plan and in an unfavorable economic context. In the first three months, the Californian company saw revenues increase to $28.65 billion, after three consecutive quarters of decline. The stock soared in the afterhours on Wall Street and touched almost 10%. “We had a good quarter and our community continues to grow,” said Mark Zuckerberg, founder and CEO of Meta, commenting on the accounts. “Our work on Artificial Intelligence – he explained – is leading to good results in apps and in our business. We are also becoming more efficient so that we can make better products faster and put us in a stronger position to realize our vision at long term”.
Sanofi, net profit down slightly
French pharmaceutical company Sanofi reported a slight decline in first-quarter net income, mainly due to a tax hike. Net income was just over €1.99 billion, down 0.7% compared to the first quarter of 2022. Corporate net income, a benchmark indicator for the company that excludes exceptional items, it increased by more than 11% compared to the previous year, reaching almost 2.7 billion euros.
[ad_2]
Source link
