Europe Earnings: ARM Holdings, AMS, Credit Suisse, IG Group, Publicis

Nigel Thomas
22 Jul, 2014
New York City

ARM Holdings net surged 88% to

[R]4:00 PM Frankfurt – ARM Holdings net surged 88% to £118 million. AMS stop merger talk with Dialog Semiconductor. Credit Suisse net swung to a loss to 700 million francs. IG Group net jumped 4% to £3.4 million. Publicis net profit plunged 17% to €260 million.[/R]

In London trading, FTSE 100 index increased 0.9% or 57.16 to 6,785.60 and in Frankfurt the DAX index jumped 1% or 94.10 to 9,706.15.

In Paris, CAC 40 index climbed 1.1% or 48.34 to 4,353.08.

ARM Holdings Plc fell 1.5% to 904 pence after the U.K.-based microprocessors maker reported revenue in the first-half ending in June jumped 9% to £373.7 million from £341.5 million a year ago.

Net profit in the year surged 88.3% from a year earlier to £117.7 million compared to £62.5 million and diluted earnings per share double to 8.3 pence from 4.4 pence.

AMS AG, formerly known as Austriamicrosystems AG gained 1.2% to 144.20 francs after the Austria-based semiconductors maker terminated merger talk with U.K.-based Dialog Semiconductor Plc.

Credit Suisse Group AG slipped 1.9% to 25.60 francs after the Switzerland-based investment bank reported net revenue in the second-quarter ending in June declined 6% to 6.43 billion francs from 6.83 billion francs a year ago period.

Net in the quarter swung to a loss from a year ago to 700 million francs compared to profit of 1.05 billion francs and diluted loss per share swung to a 0.46 francs from diluted earnings per share of 0.52 francs.

IG Group Holdings Plc surged 9% to 627 pence after the U.K.-based trading company said net trading revenue in the year ending in May rose 2.4% to £370.4 million from £361.9 million a year ago.

Net profit in the year jumped 3.7% from a year earlier to £3.44 million compared to £1.43 million and diluted earnings per share increased to 40.18 pence from 38.80 pence.

Publicis Groupe SA declined 4.7% to €56.11 after the France-based advertising service provider reported revenue in the first-half nearly flat at €3.36 billion from €3.35 billion a year ago.

Net profit in the year plunged 16.9% from a year earlier to €260 million compared to €313 million and diluted earnings per share increased to €1.14 from €1.42.