CAC 40 Climbs Higher; Sodexo Soars On Strong Earnings, Forecast

Earnings
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Summary · why it matters

French stocks moved higher on Thursday, with the benchmark CAC 40 up 60.69 points or 0.73% at 8,397.98, as easing concerns about inflation and interest rates and reports of positive progress in US-Iran talks lifted sentiment. Food services group Sodexo soared 8% after delivering stronger-than-expected Q3 performance and raising its full-year organic revenue growth forecast. Carrefour climbed 4.2%, ArcelorMittal jumped 3.6%, and Thales, Pernod Ricard and Euronext gained between 2.2% and 2.6%. Renault dropped about 2.3%, while Dassault Systemes and Legrand lost 1.3% and 1.2% respectively. France's state budget deficit narrowed to EUR 93.3 billion in the January-May period from EUR 94.0 billion a year earlier.

Impact on stocks 10

Industrials▲ · 2 stocks
Sodexo SA
SW
▲ PositiveCapitalrelevance

Stronger-than-expected Q3 performance and raised full-year organic revenue growth forecast

Consumer Staples▲ · 2 stocks
Information Technology▲ · 1 stocks
Financials▲ · 1 stocks
Cybersecurity & Digital Trust▲ · 1 stocks
Critical Materials & Supply Chain▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Consumer Discretionary▲ · 1 stocks
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