- European stocks extend yesterday's gains on Wall Street
- DE30 weakens against the broad market
- Pandora (PNDORA.DK) raises its growth forecasts
Overall market situation:
Thursday's trading session on European markets brings an improvement in investor sentiment, extending yesterday's gains following the ADP data reading and dynamic declines in the oil market. On the other hand, however, against the background of the broad European market, the DAX index is performing relatively poorly.
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At the moment, the overwhelming number of companies listed in Europe are trading higher. Source: xStation 5
Futures based on the German DE30 index are trading up slightly intraday, but it is worth noting that against other European benchmarks the DAX is doing relatively poorly. Source: xStation 5
News:
Shares of SMA Solar (SMA.DE) jumped as much as 10% in today's session after the photovoltaic systems manufacturer raised its sales forecast for the third time this year.
ANNUAL FORECAST
The company forecasts sales of €1.80-1.90 billion, having previously expected €1.70-1.85 billion on an annualized basis.
Ebitda is forecast to be between €285 million and €325 million, the previous forecast range was between €230 million and €270 million.
Analysts at TD Cowen believe the company should regain some ground after the dynamic sell-offs seen recently.
Source: xStation 5
Gerresheimer (GXI.DE) shares are losing nearly 3.5% in today's session following the release of slightly worse-than-expected quarterly results.
THIRD QUARTER RESULTS
- Adjusted Ebitda €100 million, Bloomberg consensus was €101 million
- Adjusted Ebitda from Plastics and Equipment at €63.4 million, €64.9 million expected
- Adjusted Ebitda from the high-tech division was -3.7 million euros, -3.35 million euros expected
- Adjusted EPS of €1.07; €1.15 expected
Source: xStation 5
One of the growth leaders of today's session on the Old Continent was Pandora (PNDORA.DK), where earnings forecasts were raised. The company's shares gained nearly 9%.
Details along with analysts' comments. Source: Bloomberg Finance L.P.
Source: xStation
The largest percentage changes in individual companies in the DAX index. Source: Bloomberg Finance L.P.
Information from individual companies in the DAX index. Source: Bloomberg Finance L.P.
