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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Daimler Q4 Profit Down, Cuts Dividend; Sees Slight Growth In FY19; Stock Dips

Shares of Daimler AG were losing around 2 percent in the early morning trading in Germany after the automaker on Wednesday reported that its fourth-quarter profit halved, despite higher sales and unit volume. The company also trimmed its dividend. Looking ahead, for fiscal 2019, the company expects slight increase in Group EBIT, revenues and unit sales.
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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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Novartis Stock Dips As Q4 Profit Misses View; Plans Buyback; Sees Growth In FY19

Shares of Novartis AG (NVS) were losing around 2 percent in the early morning trading in Switzerland after the drug major reported weak profit in its fourth quarter, and core earnings were below market estimates. Net sales, however, increased and topped analysts’ view. Further, the company proposed higher dividend as well as up to 10 billion Swiss francs share repurchase program.
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AT&T Q4 Profit Matches Estimates, Revenue Up 15.2%; Reaffirms FY19 Guidance

AT&T Inc. (T) reported fourth-quarter net income attributable to company of $ 4.9 billion, or $ 0.66 per share, compared to $ 19.0 billion, or $ 3.08 per share, in the year-ago quarter which reflected the impact of the December 2017 federal Tax Cuts and Jobs Act. Adjusting for items, earnings per share was $ 0.86 compared to an adjusted $ 0.78 in the year-ago quarter, a 10% increase. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $ 0.86 for the quarter. Analysts’ estimates typically exclude special items.
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Tesla Expects FY19 Vehicle Deliveries To Rise Approx. 45% To 65%

Tesla, Inc. (TSLA) announced the company is expecting to deliver 360,000 to 400,000 vehicles in 2019, representing a growth of approximately 45% to 65% compared to 2018. In this range, the company expects positive GAAP net income and to generate positive free cash flow in every quarter beyond first quarter, 2019. The company said these results will be substantially driven by its restructuring action and the ongoing financial discipline. For 2019, Tesla projects full-year Model 3 volumes will grow substantially over 2018 due to a full year of high production rates at its Fremont facility.
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