ADRs End Mixed, Tremor and Pandora Trade Actively

By Kathryn Hardison

International stocks trading in New York closed mixed on Tuesday.

The S&P/BNY Mellon index of American depositary receipts fell 0.2% to 141.69. The European index increased 0.2% to 132.61, the Asian index fell 0.8% to 171.60, the Latin American index dropped 0.1% to 192.13 and the emerging markets index decreased 1% to 291.48.

Tremor International Ltd. and Pandora AS were among the companies with ADRs that traded actively.

ADRs of Tremor International fell 23% after the company said its second-quarter adjusted earnings before interest, taxes, depreciation and amortization missed guidance amid challenging macroeconomic conditions. Adjusted Ebitda was $39.1 million compared with $37.3 million a year earlier. Guidance for second-quarter adjusted Ebitda was $40 million.

ADRs of Pandora fell 6.7% after the company said second-quarter profit was 934 million Danish kroner ($127.6 million), down from DKK992 million last year. The company said the results were weighed down by lockdowns in China and a tough comparison in the U.S. from last year's stimulus checks.

ADRs of Carnival PLC rose 4.1% after the company said its booking activity for Monday nearly doubled levels for the equivalent day in 2019.

Write to Kathryn Hardison at [e-mail]

(END) Dow Jones Newswires

08-16-22 1644ET