Stocks - Big companies from EU & US - Weekly - page 5
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INDITEX (BME: ITX) reported first half results that were in line with expectations by the market
At a time when the company increased the number of stores and the online business. First-half sales amounted to EUR 9,420 mn (vs. EUR 9400 mn expected) with a gross margin of 58.1% and a growth in LFL sales of 7%. The half EBITDA totaled EUR 1,970 mn and the net result amounted to EUR 1,170 mn, with both figures in line with the estimated by the market consensus.
Ericsson announced that it earned 6.695 million kronor (710 million euros) to September, 4% less than in the same period last year.
The gross profit of the company in the first three quarters of the year stood at SEK 59,150 million, representing an increase of 3% in annual terms.
Operating costs increased by 6% between January and September, up to 48.212 million crowns due largely to the rise of 12% in costs for sales and administration.
Ericsson's turnover rose 8% year on year, reaching 173.352 million kroons between January and September, according to the balance released by the company.
Earnings per share amounted to SEK 2 per share, compared to 2.27 crowns comparison period.
In the last quarter, the benefit of Ericsson shot up 19%, when revenues rose 3%, gross profit fell 1% and net operating profit grew 31%.
DEUTSCHE BANK AG (DAX: DBK) suspended the dividend for two years and eliminate 9,000 jobs
Deutsche Bank will cease to distribute dividend for two years and cut 9,000 jobs after suffering a loss of 6,000 million euros in the third quarter. Its shares suffered a fall nearly 7%.
These slightly better red numbers, developed by Germany's largest bank at the beginning of the month, largely due to depreciation of 5,800 million euros in its investment banking business.
The accounts for the quarter also included a depreciation 649 million by the declining value of its 19.99% stake in the Chinese bank Hua Xia Bank.
APPLE Inc (NASDAQ: AAPL) once again beat its historical record when announced that in its fiscal year 2015, which ends in September, achieved a net profit of 53.394 million dollars (48,500 million euros).
This figure, which represents an increase of 35% over the previous year, is the highest achieved by the company in its 38 years of life, never before a listed company had made so much money in a year.
The company carries out strict control of operating expenses, which consume only 23% gross margin and grow back less than operating income, causing the profit increase more and more as it approaches the bottom of the account results (35% operating result and net profit 35.14%).
CHEVRON Corp. (NYSE: CVX) earns 67% less and will cut up to 7000 jobs.
The fall in oil prices has impacted heavily on the results of US oil company.
Chevron reported a 67% drop in net income for the first nine months of this year, to 5.175 million dollars, affected by falling oil prices, while announced a reduction of 6,000 to 7,000 employees worldwide.
The company, based in San Ramon (California), to account its quarterly earnings and accumulated so far this year, said that between January and September earnings per share was $ 2.76, compared to $ 8.29 for the same period of 2014.
Only in the most recent quarter, which was closer Wall Street today, its net profit reached 2.037 million dollars, less than half of 5,593 million in the third quarter last year.
As for quarterly earnings per share, it was $ 1.09, well below the $ 2.95 it had in the third quarter of last year.
BAYER AG (FRA: BAYN), the German pharmaceutical announced that between January and September achieved net profit of 3.497 million euros, up 9.2% yoy.
The company said in a statement that these results are due "primarily" by the "expansion" of sales of its HealthCare division of health equipment and all its departments, especially HealthCare and Covestro, which produces plastic components contributed to the breakthrough of gross.
Gross profit (EBITDA) of the accumulated in the first nine months company was EUR 7.718 million, 12.4% more than in the same period last year.
Walt Disney Co (NYSE:DIS) obtained its fiscal year 2015 net profit record of $ 8.382 million (7.709 million euros), up 11.7% from 7.501 million dollars last year.
The turnover of The Walt Disney Company reached in the year ended October, the 52.465 million dollars (48.258 million euros), up 7.5% from 48.813 million dollars (44.894 million euro) he entered the previous year.
Revenues rose 13% in the consumer products unit and 10% on TV, while the theme parks division revenue increased 7% and the film, 1%. By contrast, in interactive media it was reduced 10%.
In the fourth quarter of its fiscal year, the benefit of the American company reached 1.609 million dollars (1,480 million euros), up 7.3%, while its turnover rose 9.1% to 13.512 million dollars (12.427 million euros).
Groupon (NASDAQ: GRPN) plunged to fresh lows on November after the company reported mixed third quarter earnings, bleak fourth quarter guidance, and a CEO change.
The 3rd. quarter 2015, Groupon's revenue slipped 6% annually to $713.6 million and missed estimates by $19.1 milion. Gross billings slid 2% to $1.47 billion (up 6% on a constant currency basis), compared to a 2% gain in the previous quarter. Local and travel billings and revenue declined, although the goods segment reported positive single-digit growth in both.
For the 4th quarter, the company expects to report revenues between $815 million to $865 million, which would represent a 6.5% to 12% decline from a year ago. Analysts, on average, were expecting a revenue to rise 3% to $956.8 million.