Europe Movers: Dr

Arthi Gupta
01 Nov, 2012
New York City

Dr

[R]1:00 PM Frankfurt – Drägerwerk net sales rose to €573.9 million. Shell earnings climbed 2% to $7.14 billion in the third quarter. British Sky Broadcasting first quarter revenue increased 4% to £1.72 billion. Lloyds net interest income fell 16% in the third quarter.[/R]

AVG Technologies N.V. climbed 0.6% to $10.49 after the software and online services provider reported third quarter revenue soared 34% to $95.25 million, up 34% from $71.17 million in the year ago quarter. Net income for the quarter surged to $18.96 or 35 cents per diluted share compared to net income of $3.64 million or 9 cents per share in the previous year quarter.

British Sky Broadcasting Group PLC dipped 0.5% to 709.21 pence after the satellite television operator reported first quarter revenue increased 4% to £1.72 billion from last year. Profit before tax decreased to £288 million from £307 million in the prior year.

BT Group plc surged 4.4% to 221.90 pence after the communication services provider stated second quarter revenue fell 9% to £4.47 billion from the comparable period a year ago. Reported pre-tax profit increased 9% to £602 million from £552 million last year.

Drägerwerk AG & Co. KGaA rose 1.6% to €75.49 after the breathing and protection equipment manufacturer reported third quarter net sales rose to €5739 million from €524 million in the comparable period a year ago. Earnings after taxes for the period fell to €25.2 million from €25.6 million last year.

Ensco plc fell 0.5% to $57.82 after the offshore contract drilling services provider reported third quarter revenues grew 23% to $1.124 billion from a year ago. Net income rose to $343.5 million or $1.48 per share compared to $204.5 million or 88 cents per share last year.

Glencore International PLC advanced 0.2% to 343.75 pence after the commodities producer and marketer completed the acquisition of Vale’s European manganese ferroalloys operations for $160 million.

Lloyds Banking Group plc surged 4% to 42.19 pence after the financial services provider reported third quarter statutory pre-tax loss narrowed to £144 million compared to £607 million last year.

Net interest income for the quarter declined 16% to £2.58 billion compared with £3.05 billion in the prior-year period.

Royal Dutch Shell Plc dipped 0.7% to 2,135.66 pence after the oil and gas explorer said third quarter total revenue and other income fell to $115.43 billion from $125.96 billion the prior year. Net income climbed 2% to $7.14 billion from $6.98 billion a year ago.

Sorin SpA climbed 0.3% to €1.82 after the Italian healthcare company reported third quarter revenues of €160.4 million, a 6.4% decrease as reported over the third quarter of 2011. Net profit plunged to €0.2 million compared to €12.1 million in the third quarter of 2011.

UBM plc edged higher 0.1% to 700 pence after the media company announced that PR Newswire acquired the outstanding 50% share in its Canada Newswire business from the PA Group Limited for £30.1 million. Following the transaction, UBM will retain its 17% interest in the PA Group.