Morning News | Swissquote

Schindler profit dragged down by past commitments and China slowdown

Schindler, the Swiss manufacturer of lifts, struggled last year with past commitments, the downturn in China, supply chain problems and inflation. The lift and escalator manufacturer's profits plummeted. In the current year, things should start to look brighter again. Operating profit (EBIT) plummeted by 22.5 per cent to 904 million Swiss francs, as the group announced in a communiqué. This is the first dip below the billion-franc mark and the worst result in a decade.

23.02.2023

Walmart Posts Strong Earnings as Shoppers Look for Discounts

Walmart reported strong quarterly sales as cash-strapped shoppers gravitated to the discount retailer for food and other essentials and continued to pay higher prices on many items compared with last year. However the company provided a muted outlook for the coming year, saying that there is much uncertainty and that customers are being more cautious about spending, particularly on nonfood items. U.S. comparable sales, those from stores and digital channels operating for at least 12 months, rose 8.3% in the quarter ended Jan. 27, compared with the same period last year.

22.02.2023

EPS Down 30% at Temenos in the Fourth Quarter

The banking software specialist Temenos recorded significantly less profit in the fourth quarter and in 2022 as a whole. For the current year, however, the company is again holding out the prospect of an increase in earnings. The company, which is one of the 30 most important traded on the Swiss stock exchange, posted adjusted earnings of 0.99 US dollars per share in the final quarter. That was 30 per cent lower than a year earlier, Temenos admitted on Monday evening. For the full year 2022, earnings were $2.82 per share (-26%).

21.02.2023

Sika Results Rise, Lifts Dividend

Swiss specialty chemical firm Sika AG reported that its fiscal 2022 net profit grew 11 percent to 1.16 billion Swiss francs from last year's 1.05 billion francs. Earnings per share were 7.57 francs, 9.6 percent higher than 6.91 francs last year. Operating profit or EBIT increased 13.5 percent to 1.58 billion francs from last year's 1.39 billion francs. The EBIT margin was 15.1 percent, up from 15 percent last year. The company exceeded the 10 billion francs sales mark for the first time with sales of 10.49 billion francs, up 13.4 percent from last year's 9.25 billion francs.

20.02.2023

Swiss Re reports a net income of USD 472 million for 2022

Thanks to a final spurt towards the end of the year, Swiss Re reached the profit zone last year. After nine months, there had still been a loss due to major claims, inflation, and the turmoil of the financial markets. For the year as a whole, a net profit of 472 million US dollars remained after a plus of 1.44 billion in 2021, as Swiss Re announced on Friday. The group thus exceeded analysts' forecasts. In the months of January to September, the result was still negative by 0.3 billion.

17.02.2023

David VERELST

Cisco Raises Outlook as Its Earnings Top Expectations

Cisco Systems Inc. raised its outlook for the year after posting better-than-expected results, a bright spot among technology companies facing continuing challenges from inflation and other macroeconomic impacts. The results beat Cisco’s forecast for the quarter on both the top and bottom lines, and its outlook for the current quarter also came in ahead of Wall Street estimates, according to FactSet. Shares were up 3.3% in aftermarket trading.

16.02.2023

Coca-Cola Earnings Drop as Stronger Dollar Weighs

Coca-Cola reported a stronger-than-expected 7% rise in quarterly revenue. Yet, the beverage maker’s shares fell $1.01, or 1.7%, to $59.59. Coca-Cola Co. admitted profit falling in the fourth quarter from a stronger dollar. For the current year, Coke expects sales growth to slow, with organic revenue, which strips out the effects of foreign-currency fluctuations, acquisitions and divestitures, projected to grow between 7% and 8%. That is down from 16% in 2022. The beverage giant said Tuesday its bottom line dropped to $2.03 billion, or 47 cents a share, for the three months ended Dec. 31 from $2.41 billion, or 56 cents a share, last year as input costs jumped 10% and other expenses edged higher.

15.02.2023

Swiss Consumer Price Inflation Exceeds Expectations

After showing signs of slowdown, Switzerland's consumer price inflation accelerated again at the start of the year, largely reflecting higher food and energy prices, figures from the Federal Statistical Office showed on Monday. Consumer prices rose 3.3 percent on a yearly basis in January after the 2.8 percent increase in December. The rate also far exceeded economists' forecast of 2.9 percent. This was the highest since August 2022.

14.02.2023

Lyft Shares Plunge Following Loss

Lyft Inc.'s shares sank by more than a third on Friday after the ride-hailing company posted an unexpected quarterly loss and concerns mounted that it was falling further behind Uber Technologies Inc. More than a dozen Wall Street analysts cut their price target for the stock, while six downgraded the stock's rating, after Lyft reported underwhelming revenue guidance and an adjusted quarterly loss of 74 cents a share.

13.02.2023