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The investors' mood on the Old Continent improved slightly
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DAX tests the upper limit of the broken consolidation zone
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Synlab's forecast downgrade puts huge pressure on the company's shares
Tuesday's trading session on markets from the Old Continent brings a slight improvement in investor sentiment. The macro calendar for today's session is relatively empty. After the close of trading on Wall Street, the following companies will report their financial results: Hertz Global (HTZ1.US), Royal Caribbean Cruises (RCL.US) and Western Union (WU.US).
Investor sentiment on the Old Continent improved on Tuesday. Most European companies are now posting gains. Source: xStation 5
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TeamViewer (TMV.DE) shares are trading up nearly 15% today on the release of better-than-expected results for Q4 2022. Adjusted EBITDA came in at €97.4 million, an improvement of 44% year-on-year. The Bloomberg consensus was €84 million. Revenues were €150.5 million, up 14% year-on-year. Analysts had forecast 149.1 million euros.
Source: Bloomberg
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Synlab (SYAB.DE) is lowering its earnings forecast for 2023, with revenues expected to reach €2.8 billion, compared to earlier estimates of €3 billion. Adjusted EBITDA margin is expected to be in the range of 16%-18%, previously it was 18%-20%. The company's shares are currently trading down 22%.
Source: Bloomberg
Companies currently trading the highest and key information from each. Source: Bloomberg
DE30 chart:
DE30 futures are trading slightly lower today. The instrument is currently testing the upper limit of the consolidation zone and resistance set by the 78.6% Fibo retracement. Source: xStation 5
