Trending: BASF Preliminary Figures Miss Expectations
1442 GMT -- BASF is among the most mentioned companies across news items over the past seven hours, according to Factiva data. The German chemicals company reported its preliminary results for 2023 on Friday, and saw sales and earnings figures come in below both guidance and consensus expectations. The company said results were hurt by lower margins and a 1.1 billion euro ($1.20 billion) impairment. Despite this, fourth-quarter free cash flow should cover 90% of the 2024 dividend payment, UBS analysts said in a research note, following a share price rise of up to 2% on Friday morning. Full-year results are expected to be published on Feb. 23, the company said. Dow Jones & Co. owns Factiva. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
January 19, 2024 10:09 ET (15:09 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks