Earnings season. Apple, Amazon.com, Alphabet, Facebook, Samsung Electronics, Comcast, Shopify, Sanofi, NTT Docomo, Anheuser-Busch Inbev, Starbucks, Royal Dutch Shell, Volkswagen, Airbus, Equinor, Orange... In all, more than 160 companies weighing more than $10 billion are publishing their results today.

A few results:

  • Airbus: The Group, which posted a net loss of €2.68 billion over nine months, is targeting at least break-even in adjusted free cash flow in the fourth quarter.
  • Sanofi: the laboratory has raised its 2020 earnings per share forecast after good figures in the third quarter.
  • Amgen: the laboratory has raised its annual forecast.
  • Anheuser-Busch Inbev: the brewer reported an Ebitda of $4.9 billion in Q3, above consensus.
  • Clariant: over nine months, sales decreased by 6% to CHF 2.84 billion.
  • Credit Suisse: The bank reported net income of CHF 546 million in Q3, down 38% and below consensus expectations.
  • Deutsche Börse: Q3 results are down, but annual targets remain unchanged.
  • eBay: Q3 results do not really convince the market, with a stock losing 4% after the announcement.
  • Equinor: results are below expectations, due to a higher than expected impairment charge on oil assets.
  • Ford Motor: earnings exceed $2 billion in Q3, above expectations. The stock gained 5% in the off-season.
  • Nokia: Finland's telecom network specialist reported net earnings below expectations in Q3.
  • Pinterest: The stock soared 30% in the quarter after the publication of promising results.
  • Royal Dutch Shell: Quarterly earnings are lower than expected, but the oil majors are still proposing a slightly higher dividend.
  • Standard Chartered: the British bank with a strong presence in Asia reported better-than-expected results, thanks in particular to lower provisions for bad debts.
  • Samsung: Third quarter results were higher than expected, while the fourth quarter is expected to be somewhat weaker due to lower demand for microchips.
  • Sony: The share price is rising in Tokyo, following an increase in annual targets.
  • Sunrise: UPC holds 96.5% of the capital after its takeover bid.
  • Visa: Quarterly figures are down, but less than expected.
  • Volkswagen: the manufacturer has returned to profitability in Q3, as it had recently hinted.
  • WPP: the organic contraction in business is slightly less than expected in Q3.

In other news:

  • LVMH has convinced Tiffany to accept a lower offer than initially expected to avoid a long and costly lawsuit. The French company reduced its proposal from USD 135 to USD 131.50 per share from the jeweler, who accepted it. The legal actions are cancelled.
  • Ericsson has been chosen by UK operator BT Group to deploy the 5G mobile network in several major cities in the UK.
  • The Senate hearing of Facebook, Google and Twitter bosses was long and tense.
  • Regeneron's Covid processing data is more robust than Eli Lilly's data.
  • Exxon Mobil maintains a quarterly dividend of USD 0.87.
  • The remdesivir has already yielded around $900 million to Gilead
  • Toyota is recalling 5.84 million vehicles worldwide due to a fuel pump defect, primarily in North America. Initially, the recall was expected to involve approximately 3.2 million vehicles.
  • Kioxia, Toshiba's division that was unable to complete its IPO, will invest $9.5 billion in a state-of-the-art plant to meet 5G demand.
  • Dow Jones understands that Marvell Technology will acquire Inphi.
  • Harley-Davidson launches an electric bicycle company....