What happened on the stock market today
|
Index |
Percentages |
Point Change |
|---|---|---|
|
Dow |
(0.25%) |
(68.77) |
|
S & P 500 |
(0 , 62%) |
] (18.50) |
Data source: Yahoo! Finance.
<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "For some shares, Microsoft (NASDAQ: MSFT) climbed in the wake of strong quarterly results, and Anheuser-Busch InBev (NYSE: BUD) bubbled higher after announcing a major strategic alienation. " (NASDAQ: MSFT) climbed in The wake of strong quarterly results, and Anheuser-Busch InBev (NYSE: BUD) bubbled higher after announcing a major strategic alienation.
Small black bull figure next to several paper market charts and figures.
AB InBev downsizes Down Under
<p class = "canvas-atomic text Mb (1.0em) Mb (0) – sm Mt 0.8em) – sm" type = "text" content = "Shares of Anheuser-Busch InBev climbed 5.5% after the brewing behemoth announced it has agreed to dispose of its Australian subsidiary, Carlton & United Breweries (CUB), to Asahi Group Holdings for a business value of around $ 11.3 billion. For a perspective, there is a reasonably solid premium of 14.9 times CUBs 20 18 normalized & nbsp; EBITDA . "Data-response time =" 34 "> Shares in Anheuser-Busch InBev climbed 5.5% after that the brewing ticket announced that it had agreed to dispose of its Australian subsidiary, Carlton & United Breweries (CUB), to Asahi Group Holdings for a business value of approximately $ 11.3 billion. For perspective, it is a reasonably solid premium of 14.9 times CUB's 2018 normalized EBITDA.
AB InBev says the proceeds from the sale will be used to pay off debt, which in turn will "accelerate the expansion to other fast-growing markets in the APAC region and globally."
<p class = " canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" AB InBev said it continues to investigate a potentially initial public offer for a minority stake in its Asia -Pacific business (now except Australia), the first plans it interrupted earlier this month & nbsp; citing "several factors, including prevailing market conditions," as long as the offer "can be completed to the proper valuation." "Data -reactid = "36"> When AB ABB said it continues to investigate the potential of the original public offer of a minority stake in its Asia-Pacific business (now except Australia), the original plan for which it interrupted earlier this month with reference to "more factors including r Dende market conditions, "as long as the offer" can be completed at the right valuation. "
"We continue to see great potential for our business in APAC and the region remains a growth engine within our company," stated AB InBev CEO Carlos Brito. "With our outstanding portfolio of brands, strong commercial plans and talented people, we are uniquely positioned to capture opportunities for growth across the APAC region."
Microsoft's floating on cloud nine
Meanwhile, Microsoft's stock jumped just as much as 3.1%, then settled to close 0.2% after the software giant had announced impressive fourth-quarter results last quarter. Quarterly revenue rose 12% the year after to $ 33.72 billion, driven by an incredible 39% increase in commercial cloud revenues to $ 11 billion. It trades at an adjusted net income of $ 10.62 billion, of $ 1.37 per share, an increase of 21% from $ 1.13 per share in the previous period.
On average, analysts expect a profit of $ 1.21 per share on revenue of $ 32.77 billion.
"Every day, we work with our customers to help them build their own digital opportunity – innovate with them, create new businesses with them and earn confidence," said Satya Nadella CEO. "This commitment to customer success results in larger, multi-year commercial cloud deals and increasing speeds in each layer of our technology branch."
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from The Motley Fool "data-reactid =" 43 "> More from The Motley Fool
<p class =" canvas-atom lerrettekst Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm " type = "text" content = " Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fools Board of Directors. Steve Symington has no position in any of the aforementioned shares. Motley Fool owns and recommends Microsoft Motley Fool has the following options: The long January 2021 $ 85 calls to Microsoft. Motley Fool recommends Anheuser-Busch InBev NV. Motley Fool has a disclosure policy . " data-response time = "52"> Teresa Kersten, an employee yee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fools Board. Steve Symington has no position in any of the aforementioned shares. Motley Fool owns shares and recommends Microsoft. Motley Fool has the following options: long January 2021 $ 85 calls on Microsoft. Motley Fool recommends Anheuser-Busch InBev NV. Motley Fool has a disclosure policy .
