(AOF) –
Berkshire Hathaway
Berkshire Hathaway revealed falling operating profits on Friday evening and cash flow at a historic high of $325.2 billion. Warren Buffett’s investment company generated a net profit of $26.25 billion in the third quarter compared to a net loss of $12.77 billion over the same period in 2023. An accounting rule requires the company to record unrealized losses or gains on its portfolio of securities and derivative products.
BioNTech
BioNTech is expected to rise in pre-market trading on Wall Street after the publication of its third quarter results. The pharmaceutical group has, however, lowered its outlook: 2024 turnover is now expected at the bottom of the forecast range, i.e. between 2.5 and 3.1 billion euros. Diluted earnings per share reached 0.81 euros in the third quarter compared to 0.66 euros a year ago. The group, however, lost $3.83 per share over nine months, compared to a gain of $1.94 a year ago.
Boeing
Boeing workers in the Seattle area are expected to vote Monday on management’s improved offer to end a seven-week strike and restart production. Management proposed a salary increase of 38% (compared to 35% previously) over four years, very close to the strikers’ demand (+40%) and the payment of a bonus of 12,000 dollars (compared to 7,000 dollars previously) , upon signing the agreement. This strike paralyzes production of the 737, 777 and 767 freighter, whose deliveries are already suffering delays.
Lockheed Martin
Australia has decided to end its procurement activity with Lockheed Martin Australia for a single-orbit satellite communications system based on the geostationary orbit, according to a statement released Monday by the Australian Department of Defense. The ministry indicated that it will now focus its efforts on the development of a multi-orbit communication system.
Marriott International
The Marriott International hotel group is expected to decline on Wall Street following a new warning on its results. In the third quarter, its net income amounted to $584 million, or $2.07 per share, compared to $752 million a year earlier. Adjusted for exceptional items, earnings per share reached $2.26 while the consensus stood at $2.31. Revenue increased 6% to $6.255 billion.
Nvidia
/Intel
Passing the baton at the top in the semiconductor sector, Nvidia will replace Intel within the Dow Jones, the flagship index of the New York market, from November 8. As of Friday’s close, the specialist in chips for artificial intelligence applications has a market capitalization of $3.32 trillion compared to just $100 billion for the struggling semiconductor giant.
Tesla
Tesla is expected to fall in the pre-market on Wall Street after the China Passenger Car Association announced that the manufacturer had sold 68,280 electric vehicles manufactured in China in the month of October, a figure down 5.3% year-on-year .
