Corporate results:
- Adyen lowers its medium-term sales target and aims to slow down hiring.
- ARM Holdings falls 7% after Q3.
- Airbus reports adjusted EBITDA slightly below expectations, but confirms its targets and intends to produce more A350s.
- AstraZeneca forecasts double-digit core EPS growth for the year.
- Brenntag posted results below expectations in Q3.
- Henkel raised its outlook for 2023.
- S4 Capital again cut its profit margin forecast.
- Softbank posted further loss in fiscal Q2.
- Sony reported a 30% drop in half-year profits.
- Tod's reported double-digit sales growth for the first nine months of the year.
- Wizz Air cut its earnings forecast due to "difficult operating conditions".
- Walt Disney reported better-than-expected earnings thanks to higher attendance at its theme parks in Shanghai and Hong Kong.
- AMC Entertainment also reported better-than-expected third-quarter sales, boosted by "Barbie" and "Oppenheimer".
- ARM Holdings fell by 5.1% in premarket trading after announcing that it expected quarterly sales to be below analysts' consensus.
- Lyft reported better-than-expected third-quarter sales and earnings, but growth in gross bookings lagged behind that of rival Uber.
- Beyond Meat missed consensus sales
- Instacart - The food delivery specialist gained 2.9% in premarket trading after publishing a better-than-expected profit forecast for the fourth quarter
- MGM resorts International exceeded expectations on Wednesday evening for third-quarter earnings and sales.
- Take-Two Interactive Software announced that it expected third-quarter net bookings to be below market expectations, due to lower demand for its flagship video games.
- Duolingo climbed 8.8% in pre-market trading after reporting a 43% increase in third-quarter sales, ahead of analysts' expectations.
- Twilio jumped 7.9% in after-hours trading, as the cloud computing specialist announced that it expected a better-than-expected profit for the current quarter.
- Viasat reported quarterly sales ahead of Wall Street expectations, thanks to the strength of its satellite broadband services division.
In other news:
- Eli Lilly's anti-diabetic treatment approved for weight loss in the US.
- Tesla will recall 159 Model S and Model X vehicles due to a possible problem with airbags that can deploy incorrectly, increasing the risk of injury in an accident.
- Nvidia plans to launch three new chips specifically for China.
- Apple - The Advocate General at the Court of Justice of the European Union (CJEU) ruled on Thursday that the EU General Court, a lower court that annulled the €13 billion fine imposed on Apple by the European Commission in 2016, had erred in law and would have to re-examine the case.
- UBS returns to the AT1 bond market.
- Exxon Mobil becomes the most-shorted stock on the US market, ahead of Tesla.
- The Fed investigates Morgan Stanley's international wealth management practices.
- Novo Nordisk will stop sales of its Levemir insulin in the US.
- Aurubis to spend $700m developing a foundry in the USA.
- Shell sues Greenpeace for $2.1 million after tanker boarding.
- Zurich Insurance bought three brokers specializing in flood protection in the USA for $760 million.
Today's main earnings reports: Constellation Software, Rogers Communications, TELUS Corporation, Brenntag, Icahn Enterprises, Johnson Controls, The Trade Desk, National Grid, Coupang, Grab Holdings... The full earnings calendar is here.