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Tuesday, August 3, 2021

BMW Warns On H2 Despite Strong Q2 Results; Stock Down

Shares of BMW Group were losing around 5 percent in German trading after the luxury automaker warned Tuesday that its second half-year is likely to be more volatile, affected by supply bottlenecks, high prices for raw materials and a shortage of semiconductors. This was despite reporting strong second-quarter results driven by solid demand.

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BMW Group Reports Profit In Q2; H2 Likely To Be More Volatile - Quick Facts

The BMW Group (BMW.L, BAMXF.PK, BAMXY.PK) reported improved profitability in second-quarter despite semiconductor shortage. For the full year 2021, the Group expects business to develop positively overall. In light of a number of prevailing risks, including raw materials prices and a shortage of semiconductors, the company anticipates second six-month period likely to be more volatile. The Group also noted that its targets for the year are to be met with a slightly smaller workforce.

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ON Semiconductor Guides Q3 Well Above Estimates - Quick Facts

While reporting financial results for the second quarter on Monday, ON Semiconductor Corp. (ON) provided earnings and revenue guidance for the third quarter, well above analysts' expectations.

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Global Payments Boosts FY21 Outlook - Quick Facts

While reporting financial results for the second quarter on Monday, payments technology company Global Payments Inc. (GPN) raised its adjusted earnings and adjusted revenue guidance for the full year 2021, encouraged by the trends it is seeing in the business.

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Timken Maintains FY21 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter on Monday, Timken Co. (TKR) maintained its earnings and adjusted earnings guidance for the full-year 2021, but raised its annual revenue growth outlook.

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HSBC H1 Profit More Than Doubles, Says Outlook More Positive; Stock Up

Shares of HSBC Holdings Plc were gaining in London and Hong Kong trading after the Asia-focused lender reported Monday that its first-half profit more than doubled, despite weak revenues. Looking ahead, the company said while uncertainties remain, the outlook is more positive with evidence of growth in strategic areas.

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W.P. Carey Boosts FY21 AFFO Outlook - Quick Facts

While reporting its financial results for the second quarter on Friday, net lease real estate investment trust W.P. Carey Inc. (WPC) raised and narrowed its adjusted funds from operations or AFFO to a range of $4.94 to $5.02 per share, including Real Estate AFFO of between $4.82 and $4.90 per share.

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