2023-10-25 16:00:00
The CAC 40 struggled throughout the day under a flood of company publications, more or less well received, as we will see. But at the end of the day, the index held its 3rd session of progression at +0.31% towards 6,915 points and 2.9 billion euros exchanged. Volumes which remain limited…
It’s the same atmosphere on Wall Street, at least for the Dow Jones, which climbed 0.3% at 5:45 p.m. The Nasdaq lost 1.4%, weighed down by Alphabet. The Internet juggernaut’s quarterly results nevertheless exceeded expectations but growth in the cloud disappointed while, conversely, Microsoft beat expectations in this area thanks in particular to its AI-enriched offering. As a result, the first falls by 9% while the second gains 2.5%. We are now awaiting results from Amazon and Meta today and tomorrow.
In any case the positive effect of the uncertainties on the market is the decline in oil, the barrel of Brent continuing its decline close to 88 dollars.
Rising values
Dassault Systèmes finished at the top of the increases. On the occasion of its quarterly publication, the software publisher slightly raised its annual target for diluted earnings per share. The latter is anticipated between 1.19 to 1.21 euros, an increase of 11 to 13% at constant exchange rates. Revenue increased by 11% at constant exchange rates in the 3rd quarter, to 1.42 billion euros.
Is this a repercussion of the disappointment with Kering today? The hyperluxury giant Hermès signs a third session of progress.
Things are also going well for Atos and Sanofi.
Air Liquide is doing well following posting a turnover of 6.81 billion euros in the 3rd quarter, comparable growth of 1.5%.
Falling values
You are not dreaming… Worldline lost 59.2% during the session and ended at an all-time low. A very (too?) severe sanction for the payments specialist which has lowered its annual objectives, now counting on organic growth in its turnover of 6 to 7% for 2023, compared to 8 to 10% previously. It also forecasts a drop of 150 basis points in its gross operating surplus margin compared to an increase of 100 basis points previously forecast. To explain this poor performance, Worldline highlighted the deterioration of the economic situation, particularly in Germany, and announced the launch of a cost reduction plan of around 200 million euros over the full year. in 2025.
Despite confirmed annual objectives, Clariane is also severely sanctioned and falls by 20%, dragging Orpea in its wake. Also in sharp decline is Nexity, this is even preventive selling as the real estate developer publishes its results this evening following the stock market.
On the CAC 40, in addition to the Worldline accident, we find Telepeformance and Kering among the biggest declines. The luxury group which announced this morning a decline of 9% on a comparable basis in its 3rd quarter turnover, to 4.5 billion euros. Over the period, Gucci saw its sales decline by 7% on a comparable basis.
LG ([email protected])
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