Dialog Semi Beats Revenue Estimate, Trigano Profit Soars

Sarla Buch
08 Jan, 2018
New York City

AO World net swung to a loss and revenues soared 13%. Dialog Semiconductor sales were ahead of the latest forecast. Micro Focus International tumbled after reaffirming fiscal 2018 revenues to decline. Trigano profit and revenues soared.

[R]4:00 PM Frankfurt – AO World net swung to a loss and revenues soared 13%. Dialog Semiconductor sales were ahead of the latest forecast. Micro Focus International tumbled after reaffirming fiscal 2018 revenues to decline. Trigano profit and revenues soared.[/R]

In London trading, FTSE 100 index decreased 23.91 or 0.3% to 7,700.75 and in Frankfurt the DAX index advanced 53.92 or 0.4% to 13,376.87.

In Paris, CAC 40 index increased 19.91 or 0.4% to 5,490.54.

AO World Plc gained 0.3% to 120.40 pence after the U.K.-based online electrical products retailer said revenues in the first-half ending in September advanced 13.3% from a year ago to £368 million.

Net in the period swung to a loss of £8.7 million from profit of £0.2 million in a year ago period and diluted loss per share swung to 1.90 pence from diluted earnings per share 0.11 pence.

Dialog Semiconductor Plc fell 1.1% to €25.94 after the U.K.-focused integrated circuits maker reported fourth-quarter preliminary revenue of about $463 million, slightly higher from the guidance range announced on November 7.

In fiscal 2017, revenues soared 13% to $1.35 billion and mobile systems, connectivity and automotive and industrial revenues delivered double digit revenue growth from a year ago period.

Micro Focus International Plc tumbled 17.2% to 2,139 pence after the U.K.-based online software developer reported total sales in the first-half ending in October soared 80.7% from a year ago to $1.2 billion.

Net income in the year jumped 38.9% to $116.9 million from $84.2 million in a year ago period and diluted earnings per share decreased to 34.64 cents from 38.12 cents.

The software developer reaffirmed fiscal 2018 revenues to decline between 2% and 4% from the reported revenues of $4.2 billion in fiscal 2017.

Trigano SA jumped 6.7% to €159.70 after France-based recreational vehicles and equipment maker reported total sales in the first-quarter ending in November surged 50.8% from a year ago to €544.7 million.

Sales in leisure vehicles segment soared 54.4% to €506.2 million and sales in leisure equipment increased 15.9% to €38.5 million from the same period a year ago.

Trigano said strong growth in leisure vehicles was driven by the integration of Adria, Auto-Sleepers and Michael Jordan (British dealership of motorhomes and caravans acquired in September 2017).