Mike Novogratz’s Crypto Bank Galaxy Digital Posts $272.7 Mln Loss In FY18

Billionaire Michael Novogratz’s crypto investment bank Galaxy Digital Holding Ltd. reported a loss of $ 272.64 million in fiscal 2018 reflecting significant loss on digital assets amid the weakness in cryptocurrency market. Novogratz said, “The first few months of 2019 have yielded a notable increase in activity across our business lines….”
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Wood Group FY18 Operating Profit Before Exceptional Items Rises 68%

Wood Group (John) plc (WDGJF.PK, WG.L) reported a loss of $ 7.6 million for the year to 31 December 2018 compared to a loss of $ 30.0 million, prior year. Loss per share was 1.3 cents compared to a loss of 7.4 cents. Operating profit before exceptional items increased by 68% to $ 357 million from 2017 proforma of $ 212 million. Profit before exceptional items was $ 175.2 million compared to $ 135.1 million. Adjusted EPS was 57.4 cents compared to 53.3 cents.
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BMW Stock Dips On Weak FY18 Profit, Cautious FY19 Pre-tax Profit View

Shares of BMW Group declined around 5 percent in German trading after the auto giant reported Wednesday weak profit in its fiscal year 2018, despite a 0.1 percent growth in Automotive revenues with higher deliveries. Looking ahead for fiscal 2019, the company expects Group profit before tax will be well below the previous year’s level. BMW said it is confident of volume growth in Automotive unit.
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Symrise FY18 Profit Rises; Lifts Dividend – Quick Facts

Symrise AG (SYIEY.PK, SYIEF.PK), a supplier of fragrances, flavorings and cosmetic active ingredients, reported Wednesday that its fiscal 2018 net income increased 1.9 percent to 275 million euros from 270 million euros last year. Earnings per share improved to 2.12 euros from 2.08 euros last year.
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Dignity FY18 Profit Declines; Says FY19 Outlook Unchanged – Quick Facts

Dignity Plc. (DTY.L), a provider of funeral related services, reported that its preliminary profit attributable to equity shareholders for the 52 week period ended 28 December 2018 declined to 31.5 million pounds or 63.0 pence per share, from 57.8 million pounds or 115.6 pence per share last year.
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Wm Morrison Supermarkets FY18 Pretax Profit Declines; Proposes Special Dividend

Morrison(Wm.)Supermarkets PLC (MRW.L) on Wednesday reported profit before tax of 320 million pounds for the 52 weeks ended 3 February 2019, down 15.8 percent from 380 million pounds in the previous year. Earnings per share were 10.11 pence, down from 13.03 pence a year ago.
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Inditex FY18 Profit Up, Lifts Dividend; Sees Higher FY19 LFL Sales; Stock Dips

Spanish fashion retailer Industria de Diseño Textil SA or Inditex reported Wednesday higher profit in its fiscal 2018 with increased net sales and like-for-like sales. The company also lifted its dividend. Meanwhile, Bloomberg reported that the owner of the Zara apparel chain reported the weakest earnings growth in five years. Inditex shares fell around 4 percent in the morning trading.
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Rio Tinto FY18 Profit Climbs, Declares Significant Dividends; Stock Up

Shares of Rio Tinto Plc were gaining around 2 percent in the early morning trading in London after the Anglo- Australian mining giant announced significant dividend after reporting higher profit in its fiscal 2018. The company also said its 2019 production guidance is unchanged. CEO said, “We have once again announced record cash returns to shareholders of $ 13.5 billion on the back of $ 18 billion
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Heineken FY18 Profit Down, Volume Up; Sees Profit Growth In FY19; Stock Up

Dutch brewer company Heineken NV (reported Wednesday weak net profit in its fiscal year 2018 on charges, while revenues were higher with improved beer volume. Looking ahead for fiscal 2019, the company anticipates adjusted operating profit to grow by mid-single digit on an organic basis. In Amsterdam, Heineken shares were gaining around 5 percent in the morning trading.
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GlaxoSmithKline FY18 Pretax Profit Rises; Sales Up 5% CER – Quick Facts

GlaxoSmithKline PLC (GSK.L, GSK) reported profit before tax of 4.80 billion pounds for the year ended 31 December 2018 compared to 3.52 billion pounds, previous year. Earnings per share was 73.7 pence compared to 31.4 pence. Adjusted operating profit was 8.75 billion pounds, up 2% AER or an increase of 6% from previous year. Adjusted earnings per share was 119.4 pence compared to 111.8 pence, prior year.
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TUI AG Now Expects FY19 Underlying EBITA Rebased To Be Broadly Stable With FY18

TUI AG (TUIFF.PK) announced the company now expects fiscal year 2019 underlying EBITA rebased at constant currency to be broadly stable compared with the record performance in fiscal 2018 of 1.18 billion euros. Consequently, TUI AG said it is not reiterating guidance of at least 10% CAGR in underlying EBITA at constant currency for the three years to fiscal 2020.
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Hannover Re Affirms Outlook For FY18 And FY19 – Quick Facts

German re-insurer Hannover Re AG (HVRRY.PK, HVRRF.PK) said Tuesday that against a backdrop of modestly improved conditions from an overall perspective, the company increased its premium volume in traditional property and casualty reinsurance by 15.4 percent on a currency-adjusted basis to 6.4 billion euros in the 1 January 2019 treaty renewals.
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Sherwin-Williams Lowers FY18 Earnings Outlook – Quick Facts

Sherwin-Williams Company (SHW) on Tuesday announced preliminary unaudited sales and earnings results for the fourth quarter and full year ended December 31, 2018. The company lowered its earnings outlook for fiscal 2018, citing non-operating expenses and lower fourth-quarter sales.
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H&M Group FY18 Sales Incl. VAT Up 5% – Quick Facts

Hennes & Mauritz AB (HNNMY.PK, HMRZF.PK, HEN.L) reported that the group’s sales including VAT increased by 5 percent to 244.27 billion Swedish kronor in the financial year of 2018. Sales excluding VAT increased to 210.41 billion kronor from 200.00 billion kronor. In local currencies, sales including VAT increased by 3 percent.
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Abercrombie & Fitch On Track To Deliver Top-line Growth For FY18 – Quick Facts

Abercrombie & Fitch Co. (ANF) announced, for fiscal 2018, the company expects: net sales to be up in the range of 2% to 4%, including the adverse effect from the loss of fiscal 2017’s 53rd week of approximately $ 40 million, partially offset by a benefit from foreign currency exchange rates of approximately $ 10 million. Comparable sales are to be up in the range of 2% to 4%. The company projects gross profit rate to be up slightly from the fiscal 2017 rate of 59.7%.
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Compass Group FY18 Underlying Profit Rises; Hikes Dividend – Quick Facts

Food and support services company Compass Group Plc. (CPG.L, CMPGF.PK) said its profit before tax for the year ended September 30 2018 declined 2.6 percent to 1.52 billion pounds from 1.56 billion pounds in the prior-year period. Earnings per share edged down 0.4 percent to 71.0 pence from 71.3 pence a year ago, mainly due to the adverse impact of foreign exchange during the year.
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ThyssenKrupp Posts Profit In FY18; Says Cautiously Optimistic

German industrial and technology group thyssenKrupp AG reported Tuesday a profit in its fiscal year 2018, compared to a loss last year. On a continuing operations basis, profit plunged with weak sales. Order intake also declined. Looking ahead, thyssenkrupp said it is cautiously optimistic overall with regard to the current fiscal year 2019.
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Mizuho Financial Group H1 Profit Up 13.4%; Affirms FY18 Outlook – Quick Facts

Japanese lender Mizuho Financial Group (MFG, MZHOF.OB) on Wednesday reported that its profit attributable to owners of the parent for the six months ended September 30, 2018 increased 13.4 percent to 359.36 billion Japanese yen from 316.65 billion yen in the year-ago period. Earnings per share were 14.16 yen, up from 12.47 yen a year ago.
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Merck KGaA Stock Dips On Weak Q3 Profit; Cuts FY18 EBITDA Pre View

Merck KGaA reported Wednesday a sharp decline in its third-quarter profit, while sales increased despite negative currency impacts. Further, the German drugmaker lowered its fiscal 2018 forecast for EBITDA pre, but confirmed organic EBITDA pre view. The company also lifted its organic net sales growth forecast.
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BMW Stock Down On Weak Q3 Profit; Confirms FY18 Outlook

Shares of BMW Group declined around 2 percent in German trading after the auto giant reported Wednesday weak profit in its third quarter, despite growth in revenues. Further, the company confirmed its fiscal 2018 forecast for lower profit and automotive revenues. In terms of its core business, BMW said it had always expected 2018 to be a challenging year.
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Volkswagen 9M Profit Climbs On Strong Deliveries; Backs FY18 View; Stock Up

Shares of Volkswagen Group were gaining around 4 percent in the early morning trading in Germany after the automaker reported Tuesday higher profit in the first nine months of fiscal 2018 with increased deliveries. Further, the company confirmed its fiscal year targets, despite continuously challenging market conditions.
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Daimler Q3 Results Weak; Sees Lower EBIT, Higher Revenues & Unit Sales In FY18

Shares of Daimler AG (DDAIF.PK) were gaining around 3 percent in German trading after the automaker on Thursday said it expects slight increase in fiscal 2018 revenues and unit sales. The company is also confident for the fourth quarter with continued high demand.
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Amphenol Raises FY18 Outlook – Quick Facts

While reporting its third-quarter financial results, Amphenol Corp. (APH) said that for the full year 2018, the company now expects to achieve sales in a range of $ 8.040 billion to $ 8.080 billion, an increase over 2017 of 15 percent, as well as adjusted earnings per share in a range of $ 3.68 to $ 3.70, an increase over 2017 of 18 percent to 19 percent.
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Roche 9-month Sales Rise; Backs FY18 Outlook

Swiss drug major Roche Holding AG reported Wednesday higher sales in its first nine months of fiscal 2018, with growth in Pharmaceuticals sales in all regions except Europe. Diagnostics Division also recorded higher sales in all regions. Looking ahead to fiscal 2018, Roche confirmed its outlook for higher results at constant exchange rates.
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