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UBS shares were down 0.5% to CHF 27.89 in afternoon trading, following a peak of CHF 28.78 in the past year. The company reported a significant sales increase of 38.06% year-over-year, totaling CHF 19.76 billion, while EPS for Q2 2024 was CHF 0.32, down from CHF 8.42 a year prior. Upcoming Q3 2024 results are set for release on October 30, 2024.
Lilium, a German aerospace startup once valued at $3.3 billion, is facing insolvency as it struggles to secure emergency funding from the Bavarian state government. Despite attempts to negotiate a €50 million loan from the federal government, lawmakers have rejected the request, leaving the company in a precarious financial position. Founded in 2015, Lilium aimed to revolutionize urban transport with electric vertical take-off and landing vehicles but has seen its stock plummet over 95% since going public in 2021.
UBS shares fell by 0.9% to CHF 28.21 on Monday, with a trading volume of 749,889 shares. The stock's 52-week high of CHF 28.78 was reached on June 3, 2024, while the low was CHF 20.88 on October 27, 2023. Analysts anticipate a dividend payout of USD 0.823 and earnings of USD 1.65 per share for 2024.
UBS shares rose 1.0% to CHF 27.98, trading above its 52-week low of CHF 20.88 and nearing its high of CHF 28.78. The company reported a 38.06% increase in sales to CHF 19.76 billion, with expected EPS of USD 1.64 for 2024. A dividend of USD 0.823 per share is anticipated.
Deutsche Lufthansa AG
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ubs shares decline amid trading losses and upcoming earnings report
12:29 23.10.2024
lilium faces insolvency as funding efforts from german government fail
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