getquin Daily Summary 28.07.2022

Hello getquin,

Fresenius is having its guidance lowered significantly due to staff shortages. Also, JetBlue is buying Spirit. Today's quarterly figures are Shell and Meta.

Europe🌍:

1. fresenius decreases forecast

Due to staff shortages and rising costs, DAX-listed Fresenius Medical Care has to significantly lower its corporate targets for the second year in a row. Parent company Fresenius is also lowering its mid-term targets and annual forecast, and FMC is completely slashing its 2025 strategy.

The company said late Wednesday night that the dialysis group now expects revenue growth for the current year to be at the lower end of its previous estimate range and net income to decline by a high double-digit percentage. Previously, FMC had expected revenue and net income growth on a constant currency basis in the low to mid single-digit percentage range.

This has a major impact on the share price: https://bit.ly/3BoZpBf

🟥 $FRE (-1,37 %) (🔼 -8,55%)

America🌏:

2. JetBlue buys Spirit for $3.8 billion

JetBlue Airways has reached an agreement to buy Spirit Airlines in a deal valued at $3.8 billion. The acquisition would create the country's fifth-largest airline and eliminate a fast-growing low-cost carrier from the market.

The deal, announced Thursday morning, caps months of a bitter bidding war for Spirit and came just hours after Spirit abandoned plans to merge with fellow low-cost carrier Frontier Airlines. Spirit lacked shareholder support to win approval for the merger with Frontier Airlines, which was first unveiled in February.

More on the deal: https://cnb.cx/3PZsOG9

🟩 $JBLU (+9,93 %) (🔼 -4,1%)

🟩 $SAVE (-59,08 %) (🔼 +2,87%)

Quarterly figures:

Meta
$META (-0,09 %)

Feeling the impact of falling global advertising spending, Facebook owner Meta admitted its first revenue decline since going public in 2012. The IT company said Wednesday that second-quarter revenue fell slightly by 1% to $28.8 billion (28.18 billion euros). The revenue thus fell short of analysts' forecasts, who had already predicted a difficult quarter in the wake of Snap and Twitter's troubles. In after-hours trading, the share price fell by around 5%. This also had something to do with the depressed mood.

EPS: 🟥 $2.55 expected vs $2.46 published; difference: -3.60%.

Sales: 🟥 $28.95 billion expected vs $28.82 billion published; Difference: -0.45 %

Shell
$SHEL (-0,53 %)

EPS: 🟩 $2.80 expected vs $3.08 published; difference: 9.91 %.

Sales: 🟩 $82.30 billion expected vs $100.06 billion published; difference: 21.58%

Stocks of the day:

🟩 TOP $WING (+0 %) 123,00 € (🔼 +25,51%)

🟥 FLOP $TDOC (-1,2 %) , 32,50 € (🔽 -22,61%)

🟩Most searched $MSFT (+0,97 %) , 269,45 (🔼 +2,76%)

🟩 Most traded $PLUG (+3,91 %) , 20,80 (🔼 +21,81%)

🟩 S&P500, 4,033.24 (🔼 0.23%)

🟩 DAX, 13,243.63 (🔼 +0.59%)

🟩 bitcoin ₿, €22,778.85(🔼 +1.24%)

Time: 17:00 CEST

Fun Fact:

The Great Wall of China is 21,196 km long.

The first commercial text message was sent in December 1992 and it was "Merry Christmas"!