In Milan, the first quarterly results of some members of the Ftse Mib were held. STM snatched up + 8.5% after having reported revenues of $ 2.55 billion in the third quarter of the year, up 17.5% compared to the previous period of 1.2% year on year. The net profit and earnings per share after the dilution decreased to 302 million dollars and 0.34 dollars against 369 million dollars and 0.41 dollars recorded in the same quarter of 2018 respectively. fourth quarter, STM expects net revenue growth of around 5% as an intermediate value compared to the previous quarter, corresponding to year-on-year growth of around 1.2%.
Very good too Saipem (+ 5.36%) which showed a return to profit in the first 9 months of the year. Guidance for 2019 confirmed with a forecast of net indebtedness below 800 million euros.
Quarter higher than expected for Mediobanca (+ 0.99%), the only bank to dodge sales together with Intesa Sanpaolo which closed at + 0.04%. Drops close to 2% for Banco BPM and Bper. The worst was UBI Banca. No significant news, but the drop in yields weighs with a 10-year Bund rate back below -0.4% after the ECB. On the other hand, the fall in yields has boosted the utility rally: Enel + 1.6% to 6.85 euros near the highest levels over 10 years, + 1.9% Snam and + 1.79% Terna.
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https://www.finanzaonline.com/notizie/giornata-no-per-ubi-banco-bpm-e-bper-ce-lo-zampino-del-bund
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