ADRs End Lower; IAG, Fresenius Among Companies Actively Trading

07/30/2021 | 04:57pm

By Kimberly Chin

International stocks trading in New York closed lower on Friday. The S&P/BNY Mellon index of American depositary receipts fell 0.9% to 165.96. The European index ticked 0.6% lower to 143.74. The Asian index fell 0.8% to 226.93. The Latin American index decreased 4.5% to 210.90. And the emerging-markets index was down 1.1% at 385.91.

IAG, or International Consolidated Airlines Group SA's ADRs, which trade over the counter, fell 6.9% Friday after the airline group--which houses carriers British Airways, Iberia and Vueling, among others--reported a narrowed first-half net loss of 2.05 billion euros ($2.44 billion), compared with a net loss of EUR3.81 billion in the year-prior period. It didn't provide any profit guidance for the year.

Fresenius SE & Co. KGaA's ADRs fell 2.7% after the German healthcare company reported a decline in earnings before interest and taxes before special items for the second quarter. Net profit and revenue rose for the quarter. The company raised its earnings guidance for the full year, now expecting net income to grow in a long single-digit percentage range at constant currencies. ADRs of Fresenius Medical Care AG & Co., the company's dialysis division, fell 4.7% after the company reported a declining net profit for the quarter.

ADRs of Pearson PLC rose 2.1% after the education company said Friday that first-half pretax profit fell but it is on track to meet its expectations for the full year, as it launched a new direct-to-consumer app for U.S. college students.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

07-30-21 1857ET

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