Corporate results:

  • DoorDash: the stock jumped 11% after the publication of better-than-expected Q3 results.
  • Leonardo: the annual targets are raised after good Q3 figures.
  • PayPal: the stock sinks 10% after annual targets are revised downwards.
  • Telefonica: confirms its targets despite a drop in profit.
  • Starbucks reported like-for-like sales and quarterly profit above expectations, saying demand in North America remained strong and the decline in sales in China was not as severe as expected.
  • Warner Bros Discovery reported quarterly results below Wall Street expectations after taking a major restructuring charge.
  • Amgen was up in after-hours trading after reporting a slight increase in third-quarter revenue
  • Coinbase Global reported a third-quarter net loss Thursday amid high inflation, rising interest rates and geopolitical tensions that weighed on demand for risky assets.
  • GoPro - The sports camera maker fell 9% in premarket trading after announcing a lower-than-expected Christmas quarter revenue forecast due to higher inventories, heavy promotions and lower consumer demand.
  • Hershey raised its full-year earnings and sales forecast as the confectionery maker saw strong demand during the Halloween celebrations that is expected to continue through the holiday season despite higher prices.

 

In other news:

  • UBS will abandon investment banking in the Middle East, according to Bloomberg.
  • SEC considers action against SolarWinds over its cybersecurity statements.
  • Apple is bolstering its iPhone 14 supplier network in India, confirming its effort to break away from China.
  • Pfizer, BioNTech - The two companies said Friday that their COVID-19 vaccine specifically targeting the Omicron variant of the coronavirus and its BA.4/5 subvariants produced an improved immune response compared to the original vaccine one month after injection.
  • Pfizer also received breakthrough therapy designation from the FDA for elranatamab for the treatment of multiple myeloma.
  • Pierer Mobility acquires more than 25% of Italy's MV Agusta.

Main earnings reports today: Alibaba, Duke Energy, Softbank, Intesa, Telefonica, Société Générale, RTL Group, ALD, Spie... All the agenda is here.