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Romain Fournier

Chief Editor
Having worked in the British, French and Swiss financial press, Romain is able to report on local and international issues, as comfortable in French as in the language of Shakespeare, Romain Fournier leads the editorial team at Marketscreener. Fine connoisseur of the English-speaking markets, Romain delivers an editorial every day on US and UK markets.

Global markets live: Cisco, Apple, Tesla, Estee Lauder, Netease...

08/18/2022 | 11:43am EST

Everyday, the MarketScreener team selects the most important news about listed companies across the world. Here is a short recap for your convenience (The list is updated during the day):

 

 

 

Corporate results:

Adyen: Half-year revenue comes in at €608.5 million, below expectations.

Cisco: The U.S. network equipment specialist's stock gained 4.6% in premarket trading in response to the group's forecast of a 2% to 4% increase in revenue for the current quarter after better-than-expected profit and revenue in the previous quarter, amid easing supply chain tensions.

Kohl's fell 9.6% in premarket trading as the U.S. department store chain cut its full-year profit and revenue forecasts on Thursday due to deep discounts and higher costs amid falling demand in the face of high inflation.

The Estee Lauder Co fell 2% in premarket trading as the U.S. cosmetics maker said it expects net sales to rise between 3% and 5% in 2023, compared with an average increase of 7.6% expected by analysts, according to IBES data from Refinitiv.

Emmi: The dairy products manufacturer reported a 20.8% drop in net profit in the first half of the year. The sales target was raised but the margin target was lowered.

Geberit: The group improved revenue by 5.5% to CHF1.93bn in H1, but net profit fell by 12.5% to CHF402m.

Kinepolis: The group posted net profit of €9.1m in H1.

Tapestry said Thursday it expects full-year profit to be below consensus after a quarter of lower-than-expected sales due to health restrictions in China that hurt its handbag and apparel sales in the country. The stock was down 2.2% in pre-market trading.

Zur Rose: The Swiss online pharmacy widened its half-year net loss after a slight decline in revenues. Operating profitability is expected next year.

 

In other news:

Apple will unveil its iPhone 14 on September 7.

Tesla - The U.S. automaker said Thursday it has cut the wait time for deliveries of its Model Y vehicles in China to a minimum of four weeks as the company ramps up production at its upgraded Shanghai plant. The stock was up 0.6% in pre-market trading.

Bed Bath & Beyond is down 11.7% in premarket trading Thursday as Gamestop chairman Ryan Cohen, the second-largest shareholder in the houseware's retailer, filed to sell his 9.45 million-share stake in the group.

Brazilian antitrust validates CSN's acquisition of Holcim's Brazilian division.

Walgreens, Walmart and CVS Health reportedly ordered to pay $650 million in fallout from the opioid crisis in Ohio.

World Wrestling Entertainment's board of directors discovers that Vince McMahon paid $5M to Donald Trump's charity, according to the WSJ.

Denbury may seek a buyer, among options the company is exploring.

Winnebago Industries is raising its dividend by 50% and announcing a new $350M share buyback program.

Key releases of the day: The Estée Lauder Companies, Applied Materials, Netease, Adyen, Ross Stores, NIBE Industrier, Geberit... All the agenda here.


ę MarketScreener.com 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADYEN N.V. 3.91% 1523.8 Real-time Quote.-36.67%
APPLE INC. 4.86% 148.03 Delayed Quote.-20.50%
APPLIED MATERIALS, INC. 6.15% 109.6 Delayed Quote.-34.39%
CISCO SYSTEMS, INC. 2.98% 49.72 Delayed Quote.-21.54%
CVS HEALTH CORPORATION 0.99% 101.88 Delayed Quote.-2.21%
DENBURY INC. 0.20% 89.76 Delayed Quote.17.20%
EMMI AG 1.22% 830 Delayed Quote.-23.79%
ESTEE LAUDER 9.70% 235.79 Delayed Quote.-36.31%
GEBERIT AG 3.27% 461.7 Delayed Quote.-40.04%
KINEPOLIS GROUP NV 0.33% 36.48 Real-time Quote.-33.65%
KOHL'S CORPORATION -0.99% 32.08 Delayed Quote.-35.05%
NETEASE, INC. 3.40% 71.12 Delayed Quote.-32.42%
NIBE INDUSTRIER AB (PUBL) 5.48% 103.35 Delayed Quote.-28.35%
ROSS STORES, INC. 0.75% 117.67 Delayed Quote.2.97%
TESLA, INC. 7.67% 194.7 Delayed Quote.-44.73%
WALGREENS BOOTS ALLIANCE, INC. 1.02% 41.5 Delayed Quote.-21.24%
WALMART INC. -0.36% 152.42 Delayed Quote.5.34%
WINNEBAGO INDUSTRIES, INC. 0.60% 58.59 Delayed Quote.-21.80%
ZUR ROSE GROUP AG 14.25% 27.12 Delayed Quote.-89.93%