Tag: bang

Bang & Olufsen sales growth boosts shares

FILE PHOTO: Bang & Olufsen’s sign is seen at their flagship store in Copenhagen, Denmark, October 2, 2019. REUTERS/Andreas Mortensen

COPENHAGEN (Reuters) – Shares in Bang & Olufsen BO.CO rose as much as 13% on Thursday after the audio and visual equipment maker said its revamped strategy had helped it narrow losses and post its first revenue growth in a year.

The company said in July that it expected to return to growth in the coming financial year after a move to boost its online presence and digital sales with a focus on key European and Asian markets.

Sales in B&O, known for its exclusive TVs and speakers that sell for up to $80,000, rose 10.3% to 462 million Danish crowns ($72.9 million) in the three months to August 31.

EBIT losses narrowed to 41 million crowns from 129 million crowns a year earlier.

Its shares were up 8.2% at

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Wall Street Week Ahead: Value bulls bang drum for cheap stock resurgence on Fed, vaccine hopes

NEW YORK (Reuters) – As U.S. stocks hit record highs, some investors are betting the market’s future gains will be increasingly driven by some of its lesser-loved companies.

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York City, New York, U.S., June 26, 2020. REUTERS/Brendan McDermid

Value stocks – shares of economically sensitive companies trading at multiples that are usually below those found on growth names – have been among the laggards in the market’s blistering rally from its March lows.

Some investors believe the relative cheapness of value stocks, which include energy companies, banks and industrial conglomerates, will catapult them to leadership if the nascent U.S. economic revival gains momentum, shifting focus from the big technology-related stocks that have led markets during the coronavirus pandemic.

The Russell 1000 Value index trades at almost 18 times earnings, up from 14 a year

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