High cost of raw materials slows profits at Kraft Heinz



[ad_1]

Frankfurt / New YorkThe United States is organizing the new quarterly season. But companies and big banks are also opening their accounts in Europe. Read the results of the selected companies in our quarterly ticker.

The Chicago ketchup giant groans under the high cost of raw materials. Net profit fell by a third to reach $ 630 million in the third quarter, the company said Thursday. In addition, Kraft Heinz will experience higher costs for transportation and advertising. The shortage of truck drivers in the United States also increases the group.

The Philadelphia cheese maker's stock dropped 7.5% to $ 52. In contrast, net sales increased 1.6% to $ 6.38 billion.

+++ 01.11.2018 +++

Apple boost sales and profits

The launch of the new iPhone XS has given Apple a quantum leap in sales and profits in the last quarter. The company claims to earn $ 14.1 billion Thursday, 32% more than a year ago. Revenues increased by one-fifth to $ 62.9 billion in the fourth quarter ended September.

The title lost after publication Thursday after normal trading hours, temporarily about 4%. This should have been mainly due to the forecast for the Christmas business in progress. Apple has promised revenues between 89 and 93 billion dollars. Some badysts expected about $ 100 billion in revenue. A year ago, the group had recorded $ 88.3 billion during the Christmas quarter.

+++ 01.11.2018 +++

Starbucks increases sales

The largest coffee chain in the world increased its quarterly sales by 3% to $ 6.3 billion, thanks to good commercial activity in the United States and China. In contrast, net income fell 4% between July and September to settle at about $ 756 million.

+++ 01.11.2018 +++

Spotify written for the first time in black

The streaming music service in the third quarter with a net profit of 43 million euros for the first time writes numbers in black. In the same quarter of the previous year, a net loss of 394 million euros was incurred. Sales increased by about a third to reach 1.35 billion euros. The number of subscribers increased by 5% over the previous quarter to reach 87 million.

+++ 31.10.2018 +++

US insurance giant AIG reduces losses in third quarter

The US insurance giant reduced its loss in the third quarter. The management announced Wednesday a net loss of 1.26 billion dollars, after 1.74 billion a year ago. The company has benefited from favorable reinsurance contracts offsetting disaster losses in Japan and North America. The numbers were much worse than predicted by badysts.

ebay

The American company has done better than expected this summer.


(Photo: AP)

By mid-October, AIG had already announced that hurricanes Florence and Michael in the United States and typhoons in Japan should be very expensive for insurers. The group forecast a loss of approximately $ 1.6 billion before tax for the third quarter, mainly in the context of hurricanes. AIG's share has been around 13% since the profit warning.

AIG was once the largest insurer in the world. After the collapse of Lehman Brothers investment bank in 2008, AIG was in trouble and was saved by the US government with $ 182 billion in public funds. The money has since been repaid by the company.

+++ 31.10.2018 +++

General Motors increases profits

The largest US automaker earned more than expected by badysts thanks to sustained demand in the third quarter. Net profit was $ 2.53 billion. Adjusted for one-time items, earnings per share were $ 1.87, well above badysts' average of $ 1.25.

+++ 31.10.2018 +++

Sprint, T-Mobile's merging partner, wins more customers than expected

Before the merger with T-Mobile US, the US mobile operator had acquired many more new customers in the third quarter at prices lower than expected by badysts. The net increase was 109,000 compared to the previous quarter. Analysts were expecting a decline. Sales rose 6% to $ 8.43 billion. The net result was Sprint with 196 million dollars in the dark.

+++ 31.10.2018 +++

Ebay increases sales by six percent

The online retailer is taking advantage of its increased advertising. This attracted more customers and brought the group to the third quarter, with a 6% increase in its turnover, to $ 2.65 billion. Profit increased in the space of one year, from 520 million dollars to 721 million euros.

Qiagen

The products of the biotechnology company Qiagen are located on 23.01.2014 in a production hall in Hilden (North Rhine-Westphalia). On 30.01.204, the largest German biotechnology group presents its results for 2013. Photo: Rolf Vennenbernd / dpa +++ (c) dpa – diffusion +++


(Photo: AP)

Unlike its rival, Amazon Ebay was also optimistic for the Christmas market. The company expects fourth-quarter earnings to exceed badysts' expectations. This was well received in the market, the share gained six percent in trading after hours. However, the newspaper has already lost 27% this year.

In order to attract more customers and cope with the competition of Amazon and Alibaba, Ebay has launched a number of initiatives and invested money in the development of products, advertising and more user-friendly websites.

+++ 31.10.2018 +++

Samsung deserves

Thanks to the robustness of the memory chip industry, Samsung has achieved a sharp increase in its profits in the third quarter of 2018. The surplus has increased by 18% over the previous year, reaching 10.2 billion. euros, announced Wednesday the South Korean technology company. The strong result obtained with memory chips is mainly due to the need for servers and mobile devices. Smartphone sales remained stable in the third quarter despite their own data, despite strong sales of high-level and unchanged models.

+++ 31.10.2018 +++

T-Mobile US continues to attract customers

The Deutsche Telekom subsidiary has once again attracted many customers. The number increased by 774,000 in the third quarter. In contrast, badysts were expecting only 628,000. Net income reached $ 795 million, against $ 550 million for the same period the previous year, while revenues reached $ 10.84 billion. , up from $ 10.02 billion.

+++ 31.10.2018 +++

Facebook is weakening

Although the operator of the world's largest Internet platform increased sales and profits in the third quarter, the number of users remained below market expectations. The company increased earnings per share from $ 1.59 a year earlier to $ 1.76. The turnover has increased by 33% to 13.73 billion dollars. The number of users rose to 2.27 billion. Analysts expected 2.29 billion euros.

+++ 30.10.2018 +++

GoogleHis rival Baidu makes higher sales than expected

The Chinese search engine increased its sales by 27%, to reach the equivalent of 3.6 billion euros (28 billion yuan), thanks to the increase in advertising revenues in the third quarter. Thus, the competitor of Google has exceeded the expectations of badysts. The surplus rose 56% to reach 1.6 billion euros.

+++ 30.10.2018 +++

Higher costs increase Amgen biotechnology group

Cost increases and price reductions are weighing on the US biotech group. The surplus fell to $ 1.86 billion from $ 2.02 billion a year ago. Only with the remedy for cholesterol Repatha, the price had been reduced by 60%. Nevertheless, consolidated sales increased 2% to $ 5.9 billion. Amgen has increased its earnings and revenue forecasts for the current year.

+++ 30.10.2018 +++

L & # 39; OrealSales exceed expectations thanks to luxury brands

The French cosmetics company increased its turnover in the last quarter by 6.2% to 6.47 billion euros. On a comparable basis, the most was 7.5%. Analysts were expecting an increase of only 5.8%. The company benefited from the strong demand for luxury brands such as Lancome.

+++ 30.10.2018 +++

MasterCard increases the quarterly profit of a third

US consumers get their rival Visa card when shopping. Mastercard earned $ 1.9 billion in the third quarter, one-third more than a year ago. Visa had recently announced higher profits.

+++ 29.10.2018 +++

Qiagen increases the expected profit for the whole year

Germany's largest biotech company increased earnings and sales in the third quarter. The publicly traded company TecDax has benefited most from a solid commercial activity with a test for latent tuberculosis, which has since become a driving force.

Snap Inc.

Snapchat suffers from fierce competition from Facebook's Instagram affiliate.


(Photo: Reuters)

Sales rose 3.8% to $ 377.9 million. At constant exchange rates, the most was 6.5%. The surplus rose from $ 48.5 million to $ 60.3 million.

The Dutch company specializing in disease detection and laboratory equipment predicts unchanged sales growth of around six to seven percent for the current year. Regarding adjusted earnings per share, Qiagen increased the previous estimate from 1.31 to 1.33 USD, from 1.31 USD to 1.34 USD.

+++ 29.10.2018 +++

The maker of Milka Mondelez deserves more

US food maker Mondelez (Milka, Jacobs, Oreo) gained more than the previous year thanks to lower costs in the third quarter. Earnings rose from $ 981 million to $ 1.19 billion. In addition, the company benefited from higher prices. In contrast, net sales decreased 3.7% to $ 6.29 billion. The reason was the weak business in Europe and Latin America.

+++ 26.10.2018 +++

Snapchat expects a new loss of users – sharing crash

The Snapchat photo application has continued to lose users during the summer quarter and does not provide for quick turnaround. In the three months to the end of September, the number of daily active users decreased by 1%, to reach 188 million, said Thursday the mother of Snapchat, Snap, following the closure of the US market. Tim Stone, chief financial officer, said in a glance to badysts that the loss of users was likely to continue for now.

Thus, the number of users would decrease for the third consecutive quarter. After trading hours, the share fell by 10%. Due to the lack of recovery, it has lost more than 50% of its value since the beginning of the year. Stone has also cushioned hopes that Snap will be in the dark over the next year.

The chip maker

Intel announced a 42% increase in net income in the third quarter after closing.

(Photo: AFP)

Such expectations had been expressed after the publication of a memo by Snap's chief, Evan Spiegel. "Do not forget that an internal goal is not a prognosis or a guideline."

Snap outperformed Wall Street's financial results in the last quarter. Revenues increased 43% in one year to $ 298 million. The loss increased from $ 443 million to $ 325 million. For some time, Snapchat has been suffering from the fierce competition from Facebook's Instagram affiliate, and recent changes to the app, which was once very popular with younger ones, have not pleased many people well. users.

+++ 25.10.2018 +++

Intel records higher profits

The good deals with the data centers have allowed the US chip maker Intel to make a higher profit. In the end, the company posted $ 6.4 billion in revenue in the third quarter, an increase of 42% over the same period last year. Net sales rose 19 percent to $ 19.2 billion, AMD's rival reported on Thursday after the close.

More recently, pessimistic forecasts from other major chip producers have added to the markets. Thursday, Intel shares gained 3.5% after working hours.

+++ 24.10.2018 +++

Visa enjoys the strength of the US economy

Thanks to the strength of the US economy and the propensity of consumers to spend, the giant credit card Visa has significantly increased its revenue during the summer. In the fiscal quarter ended September, the surplus increased by one-third over the previous year to $ 2.8 billion ($ 2.5 billion), as Wednesday announced the financial company after the US market closed. Revenues increased 12% to $ 5.4 billion.

Like its rivals Mastercard and American Express, Visa benefits from the strength of the US economy and its thriving online business, which increases credit card payments and imposes fees on suppliers. In addition, US government tax cuts continue to have a positive impact on balance sheets. Although Visa surpbaded Wall Street 's expectations in terms of earnings, the stock initially reacted with appreciable price premiums.

+++ 24.10.2018 +++

AMD expects fewer sales than expected

The increasingly restricted demand for cryptocurrency prospectors for expensive and powerful graphics processors worries the American AMD chip company. For the current quarter, AMD expects sales of approximately $ 1.45 billion. This is below the expectations of badysts. In the last quarter, this still sufficed for revenues of $ 1.65 billion.

+++ 24.10.2018 +++

Microsoft thanks to the cloud division and office software with rising profits

A thriving cloud activity and strong demand for the Office 365 cloud-based desktop software gave Microsoft momentum in the last quarter. The turnover has increased by 19% to nearly 29.1 billion dollars from July to September, announced Wednesday the largest software company in the world, after the closure of the US market . Analysts on average expected less than $ 28 billion.

Earnings climbed 34% to about $ 8.8 billion. The stock gained more than two percent after normal hours.

+++ 24.10.2018 +++

You're here makes its first profit for two years – the share is increasing

The American pioneer of the electric car, Tesla, made the first quarterly profit in two years. Through the attractive production of the hope model 3, the net profit in the third quarter reached $ 311.5 million, as announced Wednesday by the group after the closure of the US market. Investors have been waiting for this news for several quarters. In the same quarter of the previous year, the balance sheet had a loss of approximately $ 619 million. After the stock market, the share has increased by seven percent.

+++ 24.10.2018 +++

Ford earns much less – problems in China and Europe

Rising materials and tariffs, as well as problems in China and Europe drove down the profits of Ford's second largest automaker in the summer. The surplus fell 36% to $ 993 million (872 million euros), down 36% at the end of September, as Ford announced Wednesday at the end of the US market in Detroit (Michigan).

Buoyed by surprisingly good sales in its home market in North America, where sport utility vehicles and light trucks are booming, revenues have increased by another 3% to just under $ 38 billion. Market expectations were therefore significantly exceeded – the stock rose more than five per cent after the first hour.

+++ 24.10.2018 +++

Bauknecht-mother Whirlpool weakens in profit

Bauknecht – Mutter Whirlpool once again fought the higher tariffs on steel and aluminum during the last quarter. The profit dropped by more than a fifth to 210 million. US group sales, which include Kitchen Aid and Maytag, declined slightly to $ 5.33 billion, despite improved home-based business.

+++ 24.10.2018 +++

Military aircraft are in demand – Boeing raises forecasts

Airbus rival, Boeing, looks to the future with optimism given the good deals with military machines. For the year as a whole, the American company targets between $ 1 billion and $ 1 billion more than before. In the third quarter, revenues increased 3.8% to approximately $ 25.1 billion.

+++ 24.10.2018 +++

Barclays' business picks up, but dispute persists

The UK bank continues to be subject to litigation and fines. Profit before tax therefore dropped to 3.5 billion euros in the first nine months. Excluding penalties and other special effects, this would represent an increase of just under a quarter, reaching nearly six billion euros.

+++ 23.10.2018 +++

Texas Instruments give a careful view

The US chip maker, Texas Instruments, expects sales well below those expected by badysts in the fourth quarter. The company said Tuesday after the closing of the stock market that it expected a turnover of 3.6 to 3.9 billion dollars. Experts expected transactions worth an average of $ 4.0 billion.

Fresenius

Adjusted net income from exchange rates is expected to reach only the lower end of the initial range, which was six to nine per cent.


(Photo: AP)

In the third quarter, ending on September 30, earnings reached 1.57 billion euros, against 1.29 billion a year earlier. Sales went from $ 4.12 billion to $ 4.26 billion.

+++ 23.10.2018 +++

Apple supplier LG Display creates a return to profits

South Korean supplier Apple, LG Display, returned to profitability in the third quarter. Support came from the weaker local currency earned, as announced by the screens maker on Wednesday. Third quarter earnings were $ 140 billion ($ 123.2 million).

Analysts had forecast on average only more than 79 billion won. In the second quarter, LG Display recorded a loss of 228 billion won.

+++ 19.10.2018 +++

The customer buying atmosphere increases the quarterly revenues of American Express

American Express, the credit card giant, continues to shine thanks to the strength of the US economy, a clientele mindful of its spending and a reduction in taxes. In the third quarter, net profit reached $ 1.7 billion (1.5 billion euros), up 22% year-on-year, the financial group announced Thursday after the US market in New York. Revenues rose 9% to more than $ 10 billion. The results were better than expected.

Initially, the stock gained about 1% after normal hours. Along with its Visa and Mastercard competitors, American Express is playing a role in the booming US economy, which is boosting consumer spending. The more you buy with credit cards, the more companies earn in transaction fees.

In addition, the US President Donald Trump 's government tax cuts continue to have a positive impact on balance sheets. At American Express, the effective tax rate for the past quarter has increased from 26% to 22% over the same period last year.

+++ 19.10.2018 +++

Paypal increases profits

The thriving internet business following the expansion of the US economy has allowed the Paypal payment service to be a good business during the summer. In the third quarter, earnings increased 24% year-over-year to $ 694 million (606 million euros), as announced Thursday the former subsidiary of Ebay after the closure of the US market. Revenues rose 14% to $ 3.7 billion.

Paypal payments increased by 24 percent to $ 143 billion. "Paypal had another great quarter," said CEO Dan Schulman, referring to new partnerships with Walmart and American Express. The figures also welcomed investors: the stock initially rose more than 2.5% after normal hours.

+++ 19.10.2018 +++

Hurricane season costs AIG a lot of money

Hurricanes Florence and Michael in the United States and typhoons in Japan are very expensive for US insurers. The Company expects pre-tax costs of $ 1.5 billion to $ 1.7 billion in the third quarter, mainly related to hurricanes. The share of AIG left 3.3% after normal hours. The company wishes to present its results on November 1st.

+++ 19.10.2018 +++

Michelin lowers forecasts

The continental competitor paints a gloomy picture for the tire market due to declining demand for vehicles from China and new emissions regulations in Europe. The French company has lowered its growth forecast for the global car tire market from 1.5% to 0.5% this year. Michelin is even expecting a drop of 1.5% in the truck tire market. Previously, the company was expecting an increase of 0.5%. Sales are expected to slow in the fourth quarter.

+++ 19.10.2018 +++

Philip Morris profits from strong demand for electronic cigarettes

Thanks to the strong demand for e-cigarettes, the tobacco company generated more profits and sales in the third quarter than expected. Per share, the US company gained 1.44 USD after 1.27 USD for the same period last year. Analysts expected earnings per share of $ 1.28. Revenues increased 0.4% to $ 7.5 billion (about 6.5 billion euros).

+++ 19.10.2018 +++

Blackstone exceeds expectations

The largest financial investor in the world saw its economic result rise 11% in the third quarter, to reach 911 million dollars (or 790 million euros). Analysts were expecting a smaller increase.

+++ 19.10.2018 +++

The construction sector puts pressure on the result at Bouygues

The French conglomerate limits its forecasts of results for the whole year. The operating result of the construction sector is expected to decrease due to problems with three projects this year. For the telecom division and the TF1 broadcaster, the group remains firm in its forecasts. At the group level, the conglomerate is expecting a roughly stable operating profit down slightly from 2017.

+++ 19.10.2018 +++

Accor Hotels is confident for the whole year

The largest hotel chain in Europe raises its earnings forecast for the year after a strong third quarter. The company is now expecting an operating profit of 700 to 720 million euros. Previously, the hotel chain cost from 690 to 720 euros. In the third quarter, AccorHotels made more purchases thanks to acquisitions than the previous year. Revenues rose 22.3% to about one billion euros.

+++ 18.10.2018 +++

Special charges hamper Alcoa's balance sheet

The US aluminum group Alcoa closed the third quarter with a loss due to a special item. The net loss was $ 41 million, after a gain of $ 113 million a year earlier.

A $ 160 million expense related to old-age provision had a negative impact. Excluding this, earnings were 63 cents per share, while experts expected 36 cents.

Sales rose 14.4% to $ 3.4 billion. Alcoa's share rose 3% after hours.

+++ 17.10.2018 +++

IBM disappointed by lower sales – share under pressure after the stock market

Weak servers and unfavorable exchange rates put an end to the recovery of veteran IBM computer during the summer quarter. In the three months preceding the end of September, revenues fell by about 2% to $ 18.8 billion (15.6 billion euros), as had been announced Tuesday the IT group after the closure of the US market. Experts expected higher sales.

Investors reacted disappointed, reducing the security by more than 4% after the first trading session. Quarterly profits fell 1% to $ 2.7 billion, but were slightly higher than expected.

In previous quarters, IBM had increased revenue for the first time after years of declining trends. The group has undergone profound changes and is now focusing heavily on new activities such as cloud services, data badysis and artificial intelligence.
In the meantime, the traditional computer hardware segment had evolved even better, but it has barely progressed in the last quarter. IBM also has problems with the strong dollar, which reduces international revenue after conversion into national currency. The American company makes the majority of its sales abroad.

+++ 17.10.2018 +++

Netflix attracts many new customers

Netflix has gained more new customers than the experts predict, which has boosted its inventory. The Internet movie service has announced a 7 million increase in the number of streaming customers in the third quarter after the closing on Tuesday, about 1.8 million more than predicted by badysts. Thus, the American group has 137 million viewers in the world.

Net income was $ 402.8 million, compared with $ 129.6 million a year ago. The turnover was $ 4 billion, according to the expectations of the experts. After office hours, Netflix shares rose 14%.

+++ 17.10.2018 +++

+++ United Continental pleases investors +++

United Continental airline (UAL) looks even more positive for the year, despite rising fuel costs. Adjusted earnings per share (EPS) will range from $ 8.00 to $ 8.75, the company said on Tuesday. Previously, UAL had increased from $ 7.25 to $ 8.75. Investors were enthusiastic, the price of the stock rose in a first reaction up to 5%.

"We are as confident as ever that we will reach our ambitious goals for 2020," said UAL Director Oscar Munoz.

In the third quarter, UAL increased sales by 11.2% to $ 11 billion. In the end, profits rose by almost a third to $ 836 million.

+++ 17.10.2018 +++

Disappointing transactions at FMC and Helios mark Fresenius' full year

Healthcare company Fresenius is skeptical about the year because of the sluggish activities of some of its subsidiaries. Sales growth corrected for currency effects in 2018 is expected to reach only the lower end of the initial range of between 5 and 8 percent, the company said Tuesday evening. Even with the consolidated currency adjusted result, only the lower bound of the initial range of six to nine per cent should be achieved.

Background would be a disappointing venture for the Fresenius Medical Care (FMC) dialysis affiliate and the Helios hospital chain. Here, sales and profits have been below company expectations, it was said. Le très bon développement du spécialiste de la perfusion Kabi n’a que partiellement compensé cet inconvénient.

FMC, dont les actions ainsi que celles de la société mère sont répertoriées dans le Dax, a abaissé ses objectifs pour l’année dans une déclaration distincte. En conséquence, la croissance des ventes corrigée des effets de la monnaie en 2018 ne devrait être que de 2 à 3%, en raison de la faiblesse inattendue du secteur de la santé en Amérique du Nord et des conditions économiques difficiles sur certains marchés émergents.

Jusqu'à présent, l'objectif était de cinq à sept pour cent. La croissance du résultat net attribuable aux actionnaires sur une base comparable, ajustée des taux de change, devrait maintenant se situer entre onze et douze pour cent (auparavant: 13-15).

[ad_2]
Source link