Stock Alert: DexCom Touches New High

Telefonica Deutschland net loss widens

Telefonica Deutschland AG said Wednesday that its net loss for the fourth quarter of 2019 narrowed amid growth in mobile data and postpaid subscribers.

The German telecommunications company reported a quarterly loss of 32 million euros ($34.6 million), compared with a net loss of EUR107 million for the previous fourth quarter.

Analysts were expecting a net loss of roughly EUR16 million, according to FactSet.

Revenue at the company rose 0.2% to EUR1.97 billion from EUR1.96 billion in the previous fourth quarter, with its mobile-service revenue contributing EUR1.34 billion compared with EUR1.33 billion the previous year.

Analysts polled by FactSet expected revenue of about EUR1.97 billion.

Operating income before depreciation and amortization rose to EUR620 million, with a margin of 31.5%, in comparison with EUR473 million and a margin of 24.1% the previous year.

Telefonica Deutschland said it expects a stable price environment for the mobile communications market in 2020, adding that 2020 revenue should be flat or slightly positive year-on-year.

Write to Mauro Orru at [email protected]; @MauroOrru94

Atos 2019 profit rises

Atos SE said Wednesday that its operating profit for 2019 rose to 660 million euros ($713.9 million) for the year from EUR630 million the previous year.

Revenue rose to EUR11.6 billion from EUR11.4 billion the previous year at constant scope and exchange rates compared with estimates from analysts polled by FactSet of about EUR11.58 billion.

The French IT company said its operating margin rose to EUR1.19 billion, representing 10.3% of revenue, up from EUR1.13 billion or 9.8% of revenue at constant scope and exchange rates the previous year.

The company said the board of directors would propose a dividend of EUR1.40 a share at the annual shareholders meeting on May 14, down from EUR1.70 a share the previous year.

Atos said it expects to achieve 2% organic growth in revenue for 2020, with free cash flow of EUR700 million.

"We completed 2019 on a strong note exceeding 2% organic growth in the fourth quarter, led by an acceleration of our performance in cloud, and in big data and cybersecurity," Chief Executive Elie Girard said.

Write to Mauro Orru at [email protected]

Deutsche Telekom profit soars and forecasts growth

Deutsche Telekom AG said Wednesday that net profit rose 78% in 2019 as revenue climbed higher, and forecast further growth in the year ahead.

The German telecommunications company made a profit of 3.87 billion euros ($4.19 billion) for the year compared with EUR2.17 billion in 2018, on revenue that grew 6.4% to EUR80.53 billion.

Adjusted earnings before interest, taxes, depreciation, amortization after leases, or Ebitda AL, rose 7.2% to EUR24.7 billion from EUR23.1 billion, giving the company an adjusted Ebitda AL margin of 30.7%, Telekom said.

The company said it expects revenue to increase in 2020, while adjusted Ebitda AL is forecast at about EUR25.5 billion.

Write to Carlo Martuscelli at [email protected]; @carlomartu

ElringKlinger Prelim. FY19 EBIT Down 36.4; Revenue Rises – Quick Facts

ElringKlinger AG (EGKLF.PK) on Wednesday reported preliminary fiscal 2019 EBIT of 61.2 million euros, down 36.4 percent from 96.2 million euros in the prior year.

Group EBIT before purchase price allocation declined 36.9 percent to 63.2 million euros from 100.2 million euros a year ago.

EBITDA for the year decreased 7.9 percent to 181.0 million euros from 196.6 million euros in the previous year.

However, revenue for the year rose 1.6 percent to 1.73 billion euros from 1.70 billion euros last year, despite challenging market conditions. Excluding the effects of foreign exchange rates and consolidation, organic growth in revenue was 0.5 percent.

ElringKlinger said it will publish its full and definitive results for the 2019 financial year as well as its outlook for the current financial year on March 30, 2020.

Taiwan to send plane to evacuate citizens from virus-hit ship in Japan

TAIPEI (Reuters) – Taiwan plans to send a chartered flight this week to evacuate its citizens from a virus-hit cruise ship in Japan, the Taiwan government said on Wednesday.

The plane will arrive in Japan as early as Friday afternoon, Deputy Health Minister Ho Chi-kung told reporters.

More than 20 Taiwanese were on the Diamond Princess cruise liner, which has the biggest concentration of coronavirus infections outside of China.

The ship, operated by Carnival Corp, was quarantined since arriving in Yokohama Feb. 3.

M25 traffic: M25 chaos after lorry crash – seven miles of queues

The crash occurred close the Holmesdale Tunnel near Waltham Abbey. 

Two lanes are currently closed amid reports of five to seven miles of traffic. 

More to follow…

Stock Alert: Wanda Sports Group Leaps 45%

Shares of Chinese sports event promoter Wanda Sports Group Company Limited (WSG) jumped $1.36 or 45.48% on Tuesday before closing at $4.35.

On February 17, Bloomberg had reported that Wanda Sports, a unit of Chinese conglomerate Dalian Wanda Group, is considering selling its Ironman business for $1 billion. Wanda Sports had bought Ironman triathlon in 2015 for $650 million.

Wanda Sports shares debuted on the Nasdaq on July 26 last year, with an opening price of $6.2. The stock has dropped nearly 30% since then.

Stock Alert: DexCom Touches New High

Shares of continuous glucose monitoring (CGM) systems maker DexCom, Inc. (DXCM) climbed $12.09 or 4.26% on Tuesday to touch a new high of $298. The stock gained $1.50 in extended trading.

On February 13, DexCom had reported positive earnings surprise for its fourth quarter. The stock has gained nearly 18% since then.

Net income in the fourth quarter was $92.7 million, or $1.00 per share, compared with net loss of $179.7 million, or $2.03 per share, for the same quarter a year ago. Excluding items, EPS was $1.15 that beat average estimates of analysts polled by Thomson Reuters by $0.41.

Revenue grew 37% year-over-year to $462.8 million.

Revenue for the full-year is expected between $1.725 billion and $1.775 billion. Analysts estimate revenue of $1.78 billion.