AB Electrolux (publ) (ELUXBS.XC)
| Previous close | 95.06 |
| Open | 95.10 |
| Bid | 91.24 x 0 |
| Ask | 93.02 x 0 |
| Day's range | 95.06 - 95.06 |
| 52-week range | 86.44 - 167.50 |
| Volume | |
| Avg. volume | 65 |
| Market cap | 24.938B |
| Beta (5Y monthly) | 1.25 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -21.73 |
| Earnings date | 19 Jul 2024 |
| Forward dividend & yield | 1.60 (1.68%) |
| Ex-dividend date | 26 Apr 2024 |
| 1y target est | N/A |
ReutersCompanies rush to avert disruption from Red Sea attacks as shipping rates rise
Global shipping rates rose sharply and companies scrambled to avoid disruption to shipments after attacks on vessels in the Red Sea on Tuesday stymied traffic through the key Suez Canal trade artery. Recent attacks by Iran-aligned Yemeni Houthi militant group on vessels forced leading shipping companies including Maersk to reroute around the Cape of Good Hope to avoid the Suez Canal, the shortest shipping route between Europe and Asia. The attacks have stirred memories of 2021 when container ship Ever Given ran aground in the canal, blocking dozens of container ships for six days.
ReutersElectrolux swings to loss as shoppers shift to cheaper appliances
STOCKHOLM (Reuters) -Shares in Electrolux tracked their worst day since 2011 after Europe's biggest home appliances maker swung to a loss in the second quarter as cash-strapped shoppers opted for cheaper products and demand from residential property builders slowed. The Swedish group said organic sales fell 8% as sales volumes shrank significantly due to continued weak demand. "The weak market demand environment, with lower consumer purchasing power resulting in more consumers shifting to lower price points, continued also in the second quarter," CEO Jonas Samuelson said in a statement.
ReutersTesla, ABB, TSMC get Q2 earnings off to downbeat start
ABB warned on Thursday of slowing Chinese demand, Taiwanese chipmaker TSMC forecast a drop in 2023 sales and Electrolux cautioned shoppers are seeking cheaper appliances, deepening worries about global corporate and economic health. The news cast a pall over stocks as second-quarter earnings season ramps up. The comments will unsettle investors, who had hoped that Beijing's decision to abandon strict and prolonged COVID curbs at the end of last year would revive the world's second-biggest economy.
