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European stocks fell, with the release of corporate results

2019-08-01 07:42 am | Resource: News | No Views : 45

European stocks fell, with the release of corporate results

Stocks fell on Europe's main stock markets on Thursday as investors analyzed a large number of earnings reports released this morning, including Siemens, Shell, BMW and Barclays.
At the same time, the Bank of England is expected to keep interest rates unchanged at 0.75%.

 Siemens' third-quarter revenue rises to 21.3 billion euros

Siemens said Thursday its revenue for the third quarter of fiscal year 2018 was 21.27 billion euros, an increase of 4 percent over the same period last year. Net income was € 1.14 million, 6% less than the same three months in 2018. Earnings per share fell 6% to € 1.28.

Orders rose 8% to € 24.51 billion year on year. Siemens Siemens led the renewable energy growth, followed by health experts and mobility companies. At the same time, the company has experienced gas and energy significantly reduced orders.

BMW reported revenues of 26 billion euros in the second quarter

BMW said Thursday its second-quarter revenue for the second quarter of 2019 was 25.71 billion euros, up 2.9 percent from the same period last year and slightly above market estimates. Earnings per share fell 29% year-on-year to 2.21 euros and net profit for the three-month period fell 29% to 1.48 billion euros. Germany's pre-tax profit hit 2.05 billion euros in the second quarter, down 28.4 percent from a year ago.
  • The company's sales of cars reached 647,504 cars, up 1.5% from last year when the group delivered 63,787 vehicles.
  • Sales of Rolls-Royce jumped 36.3% to 1,328. BMW shipments rose 2.7% to 556,652 units,
  • While Mini sales fell 5.8% to 89,524 in the second quarter.
  • Meanwhile, motorcycle sales fell 6.8 percent year-on-year, with 54,582 deliveries delivered in the three-month period.

European stocks traded
  • London's FTSE 100 fell 0.44% at 9:15 CET
  • In Frankfurt, the DAX fell 0.12%
  • The CAC 40 index was almost flat at 9:15 CET

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