Adyen: Half-year revenue comes in at €608.5 million, below expectations.
Cisco: The U.S. network equipment specialist's stock gained 4.6% in premarket trading in response to the group's forecast of a 2% to 4% increase in revenue for the current quarter after better-than-expected profit and revenue in the previous quarter, amid easing supply chain tensions.
Kohl's fell 9.6% in premarket trading as the U.S. department store chain cut its full-year profit and revenue forecasts on Thursday due to deep discounts and higher costs amid falling demand in the face of high inflation.
The Estee Lauder Co fell 2% in premarket trading as the U.S. cosmetics maker said it expects net sales to rise between 3% and 5% in 2023, compared with an average increase of 7.6% expected by analysts, according to IBES data from Refinitiv.
Emmi: The dairy products manufacturer reported a 20.8% drop in net profit in the first half of the year. The sales target was raised but the margin target was lowered.
Geberit: The group improved revenue by 5.5% to CHF1.93bn in H1, but net profit fell by 12.5% to CHF402m.
Kinepolis: The group posted net profit of €9.1m in H1.
Tapestry said Thursday it expects full-year profit to be below consensus after a quarter of lower-than-expected sales due to health restrictions in China that hurt its handbag and apparel sales in the country. The stock was down 2.2% in pre-market trading.
Zur Rose: The Swiss online pharmacy widened its half-year net loss after a slight decline in revenues. Operating profitability is expected next year.
In other news:
Apple will unveil its iPhone 14 on September 7.
Tesla - The U.S. automaker said Thursday it has cut the wait time for deliveries of its Model Y vehicles in China to a minimum of four weeks as the company ramps up production at its upgraded Shanghai plant. The stock was up 0.6% in pre-market trading.
Bed Bath & Beyond is down 11.7% in premarket trading Thursday as Gamestop chairman Ryan Cohen, the second-largest shareholder in the houseware's retailer, filed to sell his 9.45 million-share stake in the group.
Brazilian antitrust validates CSN's acquisition of Holcim's Brazilian division.
Walgreens, Walmart and CVS Health reportedly ordered to pay $650 million in fallout from the opioid crisis in Ohio.
World Wrestling Entertainment's board of directors discovers that Vince McMahon paid $5M to Donald Trump's charity, according to the WSJ.
Denbury may seek a buyer, among options the company is exploring.
Winnebago Industries is raising its dividend by 50% and announcing a new $350M share buyback program.
Key releases of the day: The Estée Lauder Companies, Applied Materials, Netease, Adyen, Ross Stores, NIBE Industrier, Geberit... All the agenda here.