Values ​​to watch today on Wall Street – Tuesday, February 1, 2022

(AOF) –


AMC expects fourth-quarter 2021 revenue to climb to $1.17 billion from $162.5 million a year earlier. That’s above the FactSet consensus of 1.09 billion. The chain of cinemas also expects a loss of 114.8 million dollars (loss of 946.1 million a year ago); the consensus is 119 million. A non-cash impairment charge related to long-lived assets estimated between $50 million and $125 million is also expected.


AT&T has announced its desire to spin off its stake in WarnerMedia as part of the combination with Discovery. The transaction, which involves the sale of the telecoms giant’s 100% stake in WarnerMedia to its own shareholders on a pro rata distribution, followed by the merger with Discovery, is expected to close in the second quarter of 2022. Upon closing of the transaction, each AT&T shareholder will receive, on a tax-free basis, approximately 0.24 shares of the new merged entity for each share of AT&T common stock held.


Exxon reported earnings above expectations but slightly disappointing sales. In the fourth quarter, the oil major made a net profit of 8.87 billion dollars, against a loss of 20.07 billion a year earlier. Excluding exceptional items, EPS came out at 2.05 dollars against a consensus of 1.94 dollars. Turnover jumped 82.9% to 84.97 billion. Analysts were targeting 85.01 billion. Exxon has also started its $10 billion share buyback program.

Meta (Facebook)

Silvergate Capital Corporation announced that it has acquired intellectual property and other technology assets related to the operation of a blockchain-based payment network from Diem Group (ex-Libra). Under the terms of the agreement signed with Meta, Facebook’s parent company, Silvergate issued 1.22 million shares of Class A common stock to Diem and paid $50 million in cash. Based on the January 31, 2022 closing price, the total consideration value was $182 million.


Pfizer and BioNTech will file a dossier in the United States with a view to receiving emergency authorization for their vaccine for children aged 6 months to 4 years. This green light could be given by the end of the month. A three-dose vaccination schedule for children under 5 will likely be recommended eventually, according to press reports.


UPS posted a profit of $3.09 billion in the fourth quarter of 2021, or $3.52 per share, after posting a loss of $3.35 billion a year earlier. Excluding exceptional items, EPS stands at 3.59 dollars, up 35%, thus exceeding the FactSet consensus which saw it at 3.10 dollars. Turnover is up 11.5% to 27.77 billion dollars, against a consensus of 27.06 billion. The parcel delivery service took the opportunity to raise its quarterly dividend by 49% to bring it to $1.52 per share.

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