Procter & Gamble’s quarterly forecast above
The consumer goods giant, which owns the brand Pampers, Ariel and Gillette, has increased by 6% its quarterly net profit to just over $ 3.3 billion, or $ 1.11 per share.
On a “heart” that BPA has reached $ 1.13, exceeding two hundred target range of management and three cents average forecast of analysts.
Procter & Gamble rose 2% in sales to 21.3 billion, a 6% growth in volumes, positive trend in most regions and segments.
With this momentum, the group claims U.S. market share in all its areas.
Earnings growth has however been hampered by raw material costs higher as well as increased marketing expenses.
Procter & Gamble reaffirmed its forecast for the entire fiscal year (ended June), namely earnings per share of between 3.91 and 4.01 dollars and organic growth in sales of 4 to 6% .
AT & T quarterly results affected by a load
AT & T announced a net profit down 60% for its fourth quarter, its good business performance has been increased by a charge related to the accounting treatment of its pension plan.
The phone company reported net earnings of U.S. $ 1.1 billion, or 18 cents per share for the quarter, against 2.7 billion, or 46 cents a share, in the same period of previous year.
Excluding items, earnings per share (EPS) was apparent at 55 cents.
Its quarterly revenue has however increased by 2.1% to $ 31.4 billion.
In its statement, AT & T said it had attracted 2.8 million new mobile customers – in net terms – during the quarter, a record in the history of the group. Its portfolio now stands at 95.5 million customers.
“2011 will be the year that mobile broadband will be brought to its next level,” promises Randall Stephenson, CEO.
AT & T provides for its 4G technology to deploy in several key markets in the coming months.
For 2011, AT & T plans to increase its consolidated revenues while increasing profit margins in fixed telecommunications and mobile telephony.
Paris: modest gains at the approach of U.S. statistics
To 14h, the CAC 40 advances timidly and 0.3% at 4060.7 points, a trend found in London (+0.3%) and Frankfurt (+0.6%). Wall Street should also not escape it for its open from 15:30 (Paris time).
Last night the U.S. Federal Reserve was not surprised. “Despite the arrival of new ‘hawks’, the vote was unanimous to leave interest rates unchanged and the size of the ‘QE2′, experts say Aurel BGC.
If the central bank acknowledges the cyclical improvement, she remains cautious in view of a recovery in the labor market still “inadequate”, analysts said.
Besides, we should soon learn more about the recovery of the U.S. economy, as new economic data point the tip of their nose.
And not least, as will be unveiled at 14:30, registration weekly unemployment benefits (consensus: slight rise to 405,000) and durable goods orders for December (expected up 1.5%).
Then, at 16h, investors will take note of the promises of sales for December in real estate (anticipated 1%).
In the meantime, the wait has priority markets, especially since a slight breeze concern arises: Standard & Poor’s downgraded by one notch sovereign debt rating of Japan “AA” to “AA-” and rumors of Chinese monetary tightening reach the corridors of Davos …
Side values, in Paris, STMicroelectronics continues its rebound from the previous day by winning 5.3% to almost EUR 9, following the severe correction experienced after publishing quarterly results.
Technip takes his side 3.7% to 71.9 euros. The group is part of an investment project to enable it to strengthen its production capacity in Brazil.
Always on the CAC, the banks offered a strong rebound after two tough sessions, the image of Natixis (+2.7%), Societe Generale (+2.7%) and Credit Agricole (+2%) .
Conversely, Lafarge loose 2.7% to 44.8 euros, hit by such a degradation of Morgan Stanley.
CAC Hors, Faiveley (+2.8% to 64.5 euros) and Plastic Omnium (+3.6% to 59.4 euros) are well after their publication.
Caterpillar: jump in quarterly results with the recovery
The U.S. manufacturer of construction equipment publishes a quarterly net profit of 968 million, against $ 232 million in Q4 2009, a quadrupling of profits.
“While the global economy continued to improve, demand for Caterpillar products has significantly increased the 4th quarter with sales up 62%, ” said Doug Oberhelman, Group CEO.
The officer said that the action Caterpillar has signed one of the best performances of the Dow Jones in 2010, partly because of the increased dividend for the OEM.
A total turnover of the 4th quarter reached $ 12.8 billion, which marks a jump of 62%.
In 2011, Cat shows rely on a turnover of more than $ 50 billion for a net profit of close to six dollars the action.
For comparison, the band recorded last year a turnover of 42.6 billion and EPS of 4.15 dollars.
The action Caterpillar was up over 2% before market quotations.
Gold: hesitant ounce hovers around 1,335 dollars
The gold price continued to describe large movements between roughly 1.
345 and 1325 dollars in recent days. After the first auction of the day in London, an ounce of 31.10 grams was increased to 1,337.50 dollars this morning, or 9.5 dollars or 0.7% from the price fixed for yesterday afternoon. In the single European currency, the yellow metal was trading at 974.215 euros, or 1.5 euro more or +0.2%.
After a fall of about thirty tons yesterday, the stock of gold-backed ETF SPDR Gold Shares gold was unchanged yesterday at 1,229.58 tonnes.
This stock was until recently considered an indicator of the appetite for gold investors long. De facto, since the inception of this investment product in November 2004, its metal counterpart grew parallel to the gold price. This is no longer the case after a record 1,320.44 tonnes ephemeral 29 and June 30, 2010, total deposits declined. Remember that it was 1280.72 tonnes at 31 December.
MKS Finance said yesterday in plenary on the spot (cash market), an ounce was broken twice in the 1325 minor resistance, largely as a result of falling ETF, before finding support for leave to increasing.
ScotiaMocatta indeed reported a renewed interest from buyers before the FOMC decision, the Monetary Policy Committee of the Fed last night. MKS confirms, noting a steady demand for physical metal.
“Improving the economy is slow enough to allow a lower unemployment rate, which will push the Monetary Policy Committee of the Federal Reserve to keep rates low for an extended period,” commented after meeting analysts Changes Pictet & Cie. These are engaging little economic news to be favorable to the safe haven that is gold.
“If we take into account the last speech of Barack Obama, the financial position of the United States, with a debt of 14.000 billion dollars, is extremely worrying and only a vigorous economic recovery could temporarily alleviate the pressure,” added yet the traders of the Swiss private bank.
From a technical standpoint, ScotiaMocatta said that the fence last night on the spot market, in 1340 dollars, was carried above the high point of the meeting the previous day (1,338 dollars). The downward pressure is released so the short term. The former holder of the key 1354 dollars has become a critical resistance that controls the path upward. In the other direction, the next major support is located at 1315 dollars. Stay tuned.
Maurel & Prom: beyond the 13.3 E
The takeover rumors continue to blaze the track who garnered 30% since Jan. 1.
Maurel & Prom is beyond the 13.3 E (annual zenith in early January 2010) and is now leading to 15E (the zenith of October 2009).
Michelin major upgrade of R & D center
Michelin plans to upgrade its global research and development (R & D) Ladoux, near Clermont-Ferrand, to accelerate the placing on the market for new tires.
The entire project represents an investment of more than 100 million euros.
Beyond the renovation of existing buildings, the manufacturer intends to build by 2017 – within the site – a building complex completely new and modern bringing together all of its teams and laboratories.
The building, called “Campus RDI”, should enable the technical center teams to adopt new ways of multidisciplinary working.
According to the provisional schedule, the first part of the building core will be delivered in 2014 to approximately 600 people. The second part will be completed in late 2016, when 1,000 additional people will be installed.
Colgate-Palmolive: beating the consensus in the fourth quarter
Colgate-Palmolive announces earnings per share of $ 1.24 for the fourth quarter of 2010, slightly above the consensus, and a profit of 624 million, against an EPS of $ 1.21 and net income of 631 million in 2009.
The U.S. manufacturer of personal care products and maintenance has sales of nearly four billion over the period, down 2.5%, but organic growth of 1%.
As for operating income, it amounts to 905 million, down 9%.
Over the full year, the group recorded a profit of 4.31 dollars per share and net income of $ 2.2 billion, against $ 4.37 respectively and $ 2.3 billion in 2009.
The annual turnover reached 15.6 billion, representing organic growth of 3%.
Rate: penalized by the U.S. indicators
First trending up, bond yields tend to reduce their earnings due to signs of weakness displayed by the U.S. recovery.
Compared to the previous evening, the 10-year rate does not earn more than a basis point to 3.44% after the 3.46% tu.
Sealed by a fall in civil aerospace, durable goods orders were unscrewed from 2.5% in the U.S. in December, while analysts on average expected a rebound of 1.5%. Excluding transportation, orders have increased by 0.5% against an increase of slightly less than 1% in early consensus.
In addition, weekly jobless claims rose 51,000 during the week of Jan. 22, to $ 454,000, well above the average forecast of economists (slight rise to 405,000).
U.S. yields have remained fairly stable on Wednesday, while the Fed has confirmed, after its FOMC to maintain a highly accommodative monetary policy in particular with its program of buying back Treasury bonds to 600 billion dollars.
“Its size and duration is not changed but the words on purchases of $ 75 billion per month has been removed,” said one specialist. “These purchases will be more” flexible. “It is possible that the central bank accelerates the end of his program.”
Meanwhile the rate of 10-year German Bund stretches of two basis points to 3.21%, buoyed by positive signals on the Old Continent. The BCI index of business climate reached 1.58 in January and still approaching its historic peak in spring 2007, suggesting that the recovery in the industry will continue in the coming months.
Dentressangle G. Dupont is the target price
Gilbert Dupont always recommends to “buy” on Dentressangle and raises the price target to 96.2 euros, against 85.1 euros previously.
The research department welcomes the flexibility of the model and the responsiveness of management, which enabled the group to cross the economic and financial crisis without major impact on profitability and balance sheet nor questioned the strategy of international expansion .
Analysts say Dentressangle found growing its business and continued to improve its margins in 2010.
They indicate that the group aims to export outside of Europe expertise in its two historic businesses in order to “become a world leader in supply chain management. “