They had plummeted 14 per cent in April on fears over Apple bringing some of its components in-house. LONDON: European facebook/" target="_blank">shares slipped slightly from the 20-month highs they hit in the previous session, as investors locked in some profits following some underwhelming company results.Europe's STOXX 600 index was down 0.14 per cent by 0925 GMT. France's CAC 40 and Germany's DAX fell 0.3 and 0.2 per cent, retreating from their highs.Shares in several Apple suppliers fell after the smartphone giant reported a surprise dip in sales of its flagship iphone.Dialog Semiconductor shares slid 2.9 per cent at the open . It dragged Europe's miners down 1.7 per cent to a four-month low.First-quarter earnings are expected to increase 10.5 per cent from the first quarter of 2016, or 6.2 per cent excluding the energy sector, Thomson Reuters data showed.Of 111 companies having reported earnings so far, 70.3 per cent exceeded analyst estimates; above the 49.5 per cent of beats in a typical quarter. "We do not believe investors were anticipating another guidance raise and will be relieved by the Kabi strength," said UBS analysts, referring to the company's infusion segment.Danish drugmaker Novo Nordisk jumped to the top of the STOXX 600 table, up 7 per cent after it beat estimates for first-quarter profit and nudged up its full-year outlook.Elsewhere, underwhelming results weighed on Finland's Nokian Tyres, down 4.8 per cent after it missed estimates for operating profit.Temporary power supplier Aggreko fell 3.5 per cent after Morgan Stanley downgraded the stock, saying the company's diversification into new fuel types and technologies was 'unproven'.Elsewhere, Centamin fell 4.4 per cent after posting a 28 per cent fall in first-quarter pretax profit.
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facebook/" target="_blank">shares in several Apple suppliers fell after the smartphone giant reported a surprise dip in sales of its flagship iphone. Shares in German luxury retailer Hugo Boss dropped nearly 3 per cent after online sales fell 27 per cent due to fewer visitors to its website. European first-quarter earnings are expected to increase 10.5 per cent from the first quarter of 2016, or 6.2 per cent excluding the energy sector, Thomson Reuters data showed. [LONDON] European shares slipped slightly from the 20-month highs they hit in the previous session, as investors locked in profits following some underwhelming company results on Wednesday. They had plummeted 14 per cent in April on fears over Apple bringing some of its components in-house.
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European shares slip from 20-month highs; Apple suppliers wobble
European first-quarter earnings are expected to increase 10.5 percent from the first quarter of 2016, or 6.2 percent excluding the energy sector, Thomson Reuters data showed. facebook/" target="_blank">shares in several Apple suppliers fell after the smartphone giant reported a surprise dip in sales of its flagship iphone. Shares in German luxury retailer Hugo Boss dropped nearly 3 percent after online sales fell 27 percent due to fewer visitors to its website. LONDON – European shares slipped slightly from the 20-month highs they hit in the previous session, as investors locked in profits following some underwhelming company results on Wednesday. Danish drugmaker Novo Nordisk jumped to the top of the STOXX 600, up 6.8 percent after it beat estimates for first-quarter profit and nudged up its full-year outlook.facebook/" target="_blank">shares in several Apple suppliers fell after the smartphone giant reported a surprise dip in sales of its flagship iphone. Shares in German luxury retailer Hugo Boss dropped nearly 3 per cent after online sales fell 27 per cent due to fewer visitors to its website. European first-quarter earnings are expected to increase 10.5 per cent from the first quarter of 2016, or 6.2 per cent excluding the energy sector, Thomson Reuters data showed. [LONDON] European shares slipped slightly from the 20-month highs they hit in the previous session, as investors locked in profits following some underwhelming company results on Wednesday. They had plummeted 14 per cent in April on fears over Apple bringing some of its components in-house.
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collected by :John Miller