Quarterly Results of Almirall, Tesla and American International Group

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Quarterly Results of Almirall, Tesla and American International Group

Almirall, Tesla, American International Group

Almirall, Tesla, American International Group

With 339 companies of the S&P 500 index already published, the average increase in earnings per share (BPA) is 6.42 and 3.45% expected before the first company’s publication.

The qualitative balance is as follows: 74% of the companies beat expectations, 8.4% published results online and the remaining 17.7% were dissapointing.

Almirall

The Spanish pharmaceutical laboratory, Almirall, has published its results for the first nine months of the year. Sales totaled in 561.6 million euros (-11.6%); Ebitda was 100.1 million (-45.5%); Ebit at 21.6 million (-80.3%) and the net income attributable reached -99.7 million (compared to 103.5 million in the same period in 2016).

On the other hand, net income attributable stood at 22.6 million (-71.7%), net debt at 25 million (against a net cash of 145.7 million); and the net debt/equity ratio was at 0.18%. We recall that Almirall communicated a ‘profit warning‘ last July.

The shares of the company earn, nevertheless, more than three-quarters of a percentage point and are located at 8.2 euros, in a session of bearish tendency for the Ibex Medium Cap index. In 2017, Almirall falls back by 44%.

Tesla

Last week, Tesla, the electric vehicle manufacturer, published its results for the third quarter with losses of 671 million dollars (compared to the profit of 22 million in the third quarter in 2016), despite the fact that revenues increased by 29%. %, up to 2,984 million.

Tesla electric car

Tesla electric car

The losses accumulated by Tesla until September are 1,470 million, compared to 553 million in the same period of the previous year. These negative results come from problems in the manufacture of its most economical model (Model 3) where bottlenecks occur in various stages of the assembly process (batteries, bodywork, and final assembly) due to lack of supply. Thus, the company has delayed the delivery date of this model by up to three months.

On the other hand, the manufacturing capacity of cars is below the planned 1,000 units per week and should reach 5,000 units by December 2017. Tesla has delayed this objective until the first quarter of 2018 but indicates that it can not guarantee how long it will take to solve production problems.

Tesla will open today starting at $306.09 after gaining 2.28% on Friday, which allows it to accumulate a decline in the week of 4.61% and 13,785 in the last month. Despite this, so far in the fiscal year, the company appreciates a 43.24%.

American International Group

The US insurer, American International Group (AIG), lost $1.7 billion in the third quarter or $1.91 per share, compared to $462 million or $0.42 per share in the same period in 2016. Operating losses after taxes were $1,100 million or $1.22 per share compared to revenues of $1,100 million or $1.01 per share in the same period in 2016.

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