Corporate results:

  • Anheuser-Busch Inbev adjusted its 2022 EBITDA growth forecast.
  • Beiersdorf: The cosmetics group is significantly raising its full-year sales forecast.
  • Boeing: Quarterly losses reach $3.3bn, due to losses on some military programs.
  • Credit Suisse: A CHF 4 billion net loss for the bank in Q3 and a capital increase of the same amount to come. Restructuring charges are expected to reach CHF 2.9bn by 2024. SPG division to be sold to Pimco and Apollo.
  • Daimler Truck raised its outlook for 2022 after a sales increase in the third quarter.
  • Ford: The automaker is facing a $2.7 billion liability or Q3, after an impairment on its autonomous car subsidiary, which has since been closed.
  • Meta Platforms: The stock plunged 20% out of session after poor results.
  • Repsol: Q3 net profit comes in at €3.2bn.
  • Samsung Electronics: Q3 earnings are down 31%, due to lower consumption.
  • Shell: Q3 net profit reaches $9.45bn.
  • Unilever: Organic growth exceeds expectations at 10.6% in Q3.
  • Mastercard reported a profit increase Thursday as rising prices had a limited impact on consumer spending in the third quarter. However, the stock was reported down 2.7% in pre-market trading.
  • McDonald's reported better-than-expected third-quarter like-for-like sales, buoyed by higher prices and increased restaurant traffic.
  • Caterpillar reported better-than-expected quarterly sales and profit growth, as strong demand and high prices helped the world's largest construction equipment maker mitigate the impact of higher material and freight costs.
  • Comcast was up 7% in premarket trading after reporting slightly better-than-expected quarterly revenue on the back of a turnaround in its movie and amusement park businesses.
  • Merck was up 2.6% in premarket trading after reporting better-than-expected third-quarter sales and earnings, thanks to strong results from its Keytruda cancer treatment and Gardasil human papillomavirus vaccine.
  • Southwest Airlines expects fourth-quarter revenue to rise after posting a better-than-expected profit for the July-September period, buoyed by strong demand from tourist travel.
  • Northrop Grumman was down 3.8 percent before the market opened, as the aerospace and defense group said it expects full-year sales and earnings to be near the bottom of its guidance range due to supply chain issues and rising costs.
  • HoneyWell International reported third-quarter profit growth of 27%.
  • VF Corp, owner of the Vans brand, was down about 4% in premarket trading after it lowered its profit target for fiscal 2023, citing negative currency effects.
  • Hertz reported a 12% increase in quarterly revenue as demand for rental cars remained strong with an increase in leisure travel.

 

In other news:

  • Tesla faces a U.S. criminal investigation over its claims about autonomous driving.
  • Volkswagen plans to strengthen its collaboration with Mobileye, the autonomous driving division of Intel, two sources close to the matter told Reuters on Thursday.
  • At Twitter headquarters, Elon Musk tells employees he has no plans to cut three-quarters of the company's jobs.
  • Italian finance brigade investigates Pfizer for concealing $1.2 billion in profits.

Today's main earnings reports: Apple, Amazon, Samsung Electronics, Merck, McDonald's, Shell, Linde, TotalEnergies, Unilever, Intel, Anheuser-Busch Inbev, Schneider... All the agenda is here.