07.08.2024 + China's companies stockpile AI chips from Samsung + AIRBNB misses expectations and outlook + Siemens Energy reduces losses + Japan's central bank inspires confidence + Super Micro Comp. misses expectations
Airbnb $ABNB (+4,51%) posted EPS of USD 0.86 in the second quarter of 2024. This was less than analysts had expected (USD 0.91). A year ago, the company reported earnings of USD 1.02 per share. Q2 turnover amounted to 2.75 billion US dollars, according to the press release. Experts had forecast a figure of 2.74 billion US dollars, after Airbnb had generated 2.484 billion US dollars in the same quarter of the previous year. On the NASDAQ, Airbnb shares reacted to the presentation of the financial statements with a temporary drop of 13.67 percent to 112.64 US dollars.
The energy technology group Siemens Energy $ENR (+2,04%) made further progress in the third quarter and reduced its losses. The company benefited from good business in its grid business, which was able to significantly increase revenue and earnings. In the three months to the end of June, sales rose by 18.5 percent on a comparable basis to 8.8 billion euros, as the company announced in Munich on Wednesday.
From Japan, where the leading index Nikkei-225 plummeted by more than twelve percent on Monday in the wake of the stronger yen and fears of interest rate hikes, the central bank has now sent out reassuring signals. The central bank would not raise interest rates if the market proved unstable, it said. This was enough to give share prices in Tokyo a further significant boost.
Super Micro $SMCI (-0,88%) posted EPS of USD 6.01 in the fourth quarter of the 2024 financial year. Experts had expected a jump to USD 8.136 per share after USD 3.67 per share in the same quarter of the previous year. For the year as a whole, the company posted earnings of USD 21.73 per share. After USD 12.09 per share in the previous fiscal year, analysts' forecasts were USD 23.89. According to the statement, turnover in the past three months amounted to USD 5.308 billion, compared to USD 2.185 billion in the same quarter of the previous year. Experts had previously expected sales to increase to 5.327 billion US dollars. Super Micro puts the 12-month turnover at 14.943 billion US dollars. This is in line with analysts' estimates of 14.94 billion US dollars.
Due to the threat of a US embargo, Chinese companies are stocking up on a large scale according to several insiders. Samsung's $005930 high-performance memories for artificial intelligence. In the first half of the year, they bought up around 30 percent of the production of so-called HBM (High Bandwidth Memory) chips, said one of the people familiar with the matter.
Wednesday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
Intel USD 0.13
Ford Motor USD 0.15
Quarterly figures / company dates USA / Asia
06:00 Mazda quarterly figures
08:00 Sony | Honda quarterly figures
09:00 Softbank quarterly figures
22:05 Walt Disney quarterly figures
Quarterly figures / Company dates Europe
07:00 Commerzbank | Siemens Energy | ABN Amro | Kontron Quarterly figures
07:30 Sixt | Continental | Gea Group | Voestalpine | Novo Nordisk Quarterly figures
07:40 Elringklinger | Zeal Network | Ahold Delhaize quarterly figures
07:50 Süss Microtec half-year figures
08:00 Beiersdorf | Puma | A.P. Moeller-Maersk quarterly figures
08:30 Siemens Energy PK
09:00 Commerzbank Analyst Conference | Beiersdorf PK
09:30 Gea Group PK
10:00 Siemens Energy Analyst Conference
10:30 Commerzbank | Sixt | Voestalpine PK
12:30 Continental Analyst Conference
14:00 Gea Group | Elringklinger Analyst Conference
18:00 Freenet quarterly figures
Economic data
- 08:00 DE: Trade balance June trade balance calendar and seasonally adjusted PROGNOSE: +21.5 bn Euro previous: +24.9 bn Euro Exports PROGNOSE: -1.5% yoy previous: -3.6% yoy Imports PROGNOSE: +2.5% yoy previous: -6.6% yoy
- 08:00 DE: Manufacturing production June seasonally adjusted PROGNOSE: +0.9% yoy previous: -2.5% yoy
