The earnings season slows down

03/02/2021 | 10:14am

Merck & Co. is expected to contribute to the production of Johnson & Johnson's Covis-19 vaccine. Stellantis should obtain guarantees to continue production in the United Kingdom. Nokia gets its place in the EURO STOXX 50 from Infineon. Corporate results are becoming scarcer.

 

Sea Limited, Fast Retailing, Target, Flutter, Ashtead, Lindt, Edenred, HelloFresh, Kion, Intertek, Fresnillo and Piaggio are among companies reporting their results today.

 

Abercrombie & Fitch reported net income of $82.4 million in Q4, or $1.27 per share, compared to $83.1 million, or $1.29 per share, a year earlier.

Kohl's Corp. reported quarterly results that exceeded expectations. The U.S. retail group reported fourth-quarter net income up 29.4% to $343 million, or $2.2 per share.

Lindt: Chocolate did not perform well during the health crisis, so results fell sharply, but a little less than expected. A dividend of CHF 1,100 is proposed.

Target reported net income for the fourth quarter of its 2021 fiscal year ending January of USD 1.38 billion, or USD 2.73 per share, a record for the group.

Zoom Video Communications: the stock gains more than 8% after the publication of its Q4 results.

Infineon will replace Nokia in the EURO STOXX 50 on March 22.

Joe Biden is expected to announce that Merck & Co. will contribute to the production of Johnson & Johnson's Covis-19 vaccine, the Washington Post reports.

South Korean e-commerce giant Coupang will go public on the New York Stock Exchange at a price of $27-30, valuing it at $51 billion on the high end of the range.

Dufry obtains dealership extensions in Jamaica.

Travis Perkins resumes the Wickes spin-off process.

Renishaw officially goes on sale.

La Vaudoise and Valiant start a collaboration in the mortgage business.

Sika develops a new concrete recycling process.

Perrot Duval takes over the laboratory and quality control unit of Syntegon Technology.

Romain Fournier
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