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.