Earnings season: It's going public. The Charles Schwab, Nippon Paint, Newcrest Mining, Hapag-Lloyd, Hella, Lotus Bakeries and Flow Trader are among companies reporting their results today.
-A few results:
Applied Materials expects quarterly revenues to exceed analysts' forecasts thanks to the return of demand for semiconductor equipment and services.
Baidu: Revenues are slightly above expectations in the second quarter, but they are not attractive, with a share price that fell by 7%.
Feintool: posted an operating loss of CHF 18 million after a 36% fall in revenues in the first half to CHF 212 million.
Hella: The German automotive supplier has reported an operating loss of €343 million for the 2019/2020 financial year and is waiving its dividend. Visibility remains poor, but the company is confirming its projections, which were unveiled at the end of July, of sales of between €5.6 and €6.1 billion and an operating margin of between 4 and 6%.
Varta: the German group's sales and earnings exploded in the first half of the year, enabling it to raise its forecasts, targeting sales of between €810 and €830 million, and an adjusted EBITDA of €210 to €215 million.
Payback. Daimler is to pay $2.2 billion in the United States as part of out-of-court settlements in the scandal of rigged diesel engines. Around $1.5 billion will go to the American authorities and $700 million will be used to settle the class action lawsuits. The manufacturer had set aside €5 billion to meet the demands of the scandal worldwide. The agreement announced this week concerns about 250,000 vehicle owners in the United States.
Epic Royal Battle. Epic Games is attacking Apple and Alphabet after "Fortnite" withdrew from their application download platforms for violating payment regulations. On Apple's App Store and Google's Play Store, "Fortnite" recorded around 2 million downloads in July 2020.
Apple all-in-one. Apple should, according to Bloomberg, offer bundled subscriptions to its services (music, TV, iCloud, games ...). A basic offer could concern the media and a more extended offer the whole range of the company's services.
Entering the Nasdaq. The German company CureVac, which is working on a vaccine against coronavirus, makes its debut on the Nasdaq today.
In other news. The U.S. Department of Justice says it is fully mobilized to bring its investigations into the technology giants and their antitrust practices to a successful conclusion. Amazon.com offers its customers a chance to experience quantum computing through three solutions developed by partner companies. The European Commission has earmarked 400 million doses of Johnson & Johnson's Covid-19 potential vaccine. Google will stop responding to data queries from the Hong Kong authorities. The German investigators working on the Wirecard case have made an appeal to the public to find Jan Marsalek, the ex-manager who is hiding somewhere. Novavax will deliver 60 million doses of its Covid-19 candidate vaccine to the United Kingdom for clinical trials.