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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 -0.01% 118.94 Delayed Quote.8.64%
ALTRIA GROUP, INC. 1.46% 50.68 Delayed Quote.21.83%
APPLE INC. -2.58% 126.85 Delayed Quote.-4.40%
ASM INTERNATIONAL N.V. -2.74% 255.1 Real-time Quote.41.76%
AVAST PLC -2.02% 455.4 Delayed Quote.-15.27%
BMW AG 1.84% 85.18 Delayed Quote.17.93%
CREDIT SUISSE GROUP AG -0.80% 9.18 Delayed Quote.-18.82%
DANONE -2.67% 57.58 Real-time Quote.7.11%
DWS GROUP GMBH & CO. KGAA 0.05% 36.66 Delayed Quote.5.34%
FACEBOOK INC -4.11% 305.97 Delayed Quote.12.01%
INTERNATIONAL BUSINESS MACHINES CORPORATION 0.49% 146.17 Delayed Quote.15.55%
JOHNSON & JOHNSON 1.05% 170.27 Delayed Quote.8.19%
KERING 1.34% 704.4 Real-time Quote.18.51%
LOCKHEED MARTIN CORPORATION 0.72% 393.14 Delayed Quote.10.75%
NETFLIX, INC. -3.40% 486.69 Delayed Quote.-6.82%
PHILIP MORRIS INTERNATIONAL, INC. 0.67% 98.06 Delayed Quote.18.44%
PROCTER & GAMBLE COMPANY 1.86% 137.67 Delayed Quote.-1.06%
SANDVIK AB 2.45% 234.2 Delayed Quote.13.56%
SIKA AG -1.35% 278.5 Delayed Quote.16.75%
TESLA, INC. -6.44% 629.04 Delayed Quote.-10.86%
UNITED AIRLINES HOLDINGS, INC. -1.28% 54.03 Delayed Quote.24.92%
VALE S.A. 0.35% 115.45 End-of-day quote.32.02%
WIRECARD AG -6.41% 0.3461 Delayed Quote.18.49%
XEROX HOLDINGS CORPORATION -1.35% 24.14 Delayed Quote.4.10%
ZUR ROSE GROUP AG 0.00% 302 Delayed Quote.6.71%