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OFFON

Global markets live: BMW, IBM, Credit Suisse…

04/20/2021 | 10:09am EDT

First-quarter earnings releases are accelerating, with Johnson & Johnson, Procter & Gamble, Netflix, Abbott Laboratories, Philip Morris, Kering, Investor AB, Danone, Sandvik, Sika and ASM International...

 

 

  • Avast: Q1 revenue grew 10.5%. Annual growth is expected to be in the upper end of the initial 6-8% range.
  • BMW: the group announced that its Q1 net profit almost quadrupled to €3.76bn. Momentum was strong in China and in the used car market.
  • International Business Machines: Q1 performance appealed to the market, which pushed the stock up 3% after the announcement of the figures.
  • Sika: the Swiss group raised its 2021 forecast after a good start to the year.
  • Zur Rose: sales rose 15.3% to CHF 420.9m in Q1. Targets confirmed.
  • Facebook is strengthening its audio offering with podcasts and chat rooms.
  • Credit Suisse announced the departure of the two heads of its prime brokerage business, an activity that was blamed for the Archegos Capital debacle.
  • A consortium led by DWS is said to be on the verge of buying French railway operator SNCF's leasing division, Emerwa, for €3 billion, Bloomberg has learned.
  • Vale's Q1 iron ore production came in below expectations.
  • Wirecard scandal begins to make its way into the political-financial sphere in Germany.
  • Johnson & Johnson reported better-than-expected quarterly results showing that sales of its COVID-19 vaccine, whose use is suspended in the U.S., earned it $100 million in the first three months of the year.
  • Procter & Gamble reported better-than-expected quarterly sales on Tuesday and confirmed its annual guidance.
  • Travelers reported first-quarter profit that beat market expectations as higher returns helped cushion the impact of the cold snap that hit several U.S. states in February.
  • Lockheed Martin raised its full-year revenue and profit guidance after its ship and helicopter manufacturing unit delivered a better-than-expected first-quarter profit.
  • Abbott’s profit more than tripled in the first quarter, supported in particular by strong demand for COVID-19 test kits, but its sales were below the Refinitiv consensus. The stock is down 2% in pre-market trading.
  • Apple will hold its first event of the year on Tuesday and may announce new products.
  • Chief Executive Elon Musk said a Tesla's autopilot was not activated when it apparently crashed into a tree in Texas on Saturday, killing both occupants. Two U.S. agencies have opened an investigation into the crash.
  • United Airlines reported a larger-than-expected quarterly net loss of $2.4 billion on Monday as fuel prices rose and the airline's flight volumes fell amid weak demand from the pandemic. In after-hours trading, it was down 1.8%.
  • Altria and Philip Morris lost more than 2% in pre-market trading after the Wall Street Journal reported that the U.S. is considering imposing a nicotine reduction on cigarette manufacturers.
  • Xerox is down 1.3% in premarket trading after reporting a weaker-than-expected first-quarter profit, as the company said its business is still being impacted by the Covid-19 pandemic.

© MarketScreener.com 2021
Stocks mentioned in the article
ChangeLast1st jan.
ABBOTT LABORATORIES -0.02% 120.96 Delayed Quote.10.49%
ALTRIA GROUP, INC. -0.37% 47.8592 Delayed Quote.17.17%
APPLE INC. 0.11% 146.01 Delayed Quote.9.93%
ASM INTERNATIONAL N.V. 1.30% 302.8 Real-time Quote.66.10%
AVAST PLC 1.41% 588.2 Delayed Quote.7.91%
BMW AG 1.22% 84.9 Delayed Quote.16.13%
CREDIT SUISSE GROUP AG 2.53% 9.336 Delayed Quote.-20.12%
DANONE 1.97% 63.28 Real-time Quote.15.44%
DWS GROUP GMBH & CO. KGAA 1.71% 40.46 Delayed Quote.14.31%
FACEBOOK INC -0.91% 353.13 Delayed Quote.30.44%
INTERNATIONAL BUSINESS MACHINES CORPORATION 0.56% 141.739 Delayed Quote.11.98%
JOHNSON & JOHNSON 0.12% 172.4098 Delayed Quote.9.42%
KERING 2.42% 774.5 Real-time Quote.27.22%
LOCKHEED MARTIN CORPORATION -0.39% 370.21 Delayed Quote.4.70%
NETFLIX, INC. -0.17% 516.57 Delayed Quote.-4.28%
PHILIP MORRIS INTERNATIONAL, INC. 0.13% 100.22 Delayed Quote.20.90%
PROCTER & GAMBLE COMPANY -0.50% 141.51 Delayed Quote.2.22%
SANDVIK AB -0.27% 223.7 Delayed Quote.11.43%
SIKA AG 0.25% 319.9 Delayed Quote.31.97%
TESLA, INC. 4.17% 715.95 Delayed Quote.-2.62%
UNITED AIRLINES HOLDINGS, INC. 0.00% 46.71 Delayed Quote.8.02%
VALE S.A. -5.89% 108.76 End-of-day quote.24.37%
WIRECARD AG -1.94% 0.3334 Delayed Quote.8.94%
XEROX HOLDINGS CORPORATION 0.52% 24.255 Delayed Quote.4.05%
ZUR ROSE GROUP AG 0.74% 339.5 Delayed Quote.19.08%