Swiss shares AFX at a glance outlook |
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Thu, 18 Jan 2007 08:58
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ZURICH (AFX) - Share prices are expected to open slightly lower mainly due to a weakness in the market's heavyweights Nestle and Novartis, traders said.In pre-bourse trading, the Swiss Market Index was 10.40 points lower at 9,094.20, with Novartis seen opening 0.8 pct lower at 73 sfr, as full year profits came in slightly below consensus, even though the drug maker maintained its strong momentum, particularly in its main pharmaceuticals sector.Yesterday, at the close the Swiss Market Index was 31.60 points higher at 9,104.60, and the Swiss Performance Index was up 25.87 points at 7,197.25.COMPANY NEWS-Novartis Q4 net profit 1.663 bln usd vs 1.352 bln-Novartis Q4 OPG 1.824 bln usd vs 1.488 bln-Novartis Q4 sales 10.053 bln usd vs 8.657 bln-Novartis Q4 pharma sales 6.049 bln usd vs 5.248 bln-Novartis Q4 vaccines and diagnostics sales 455 mln usd-Novartis Q4 sandoz (generics) sales 1.653 bln usd vs 1.573 bln-Novartis Q4 consumer health sales 1.644 bln usd vs 1.551 bln-Novarts FY div 1.35 sfr vs 1.15 sfr-Novartis confident for another year of record sales and earnings in 2007-Novartis sees FY sales growth at mid- to high-single-digit rate in loc currency-Novartis expects dynamic growth in new vaccines and diagnostics division-Barry Callebaut Q1 sales beat forecasts due to strong growth in Europe, Asia-Saurer FY sales 1.896 bln eur vs 1.570, co sees strong sales growth in 2007-Geberit FY sales beat forecasts; hikes net guidance, proposes 10-for-1 shr split-Logitech Q3 net beats forecast on strong audio ops as co hikes 2007 opg guidanceafx.zurich@afxnews.comat/jfrCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Swiss shares AFX at a glance outlook 