Corporate results:

  • L'Oréal- Strong organic growth of 13% in Q1.
  • Publicis:-The group confirms its 2023 targets after exceeding the consensus in Q1.
  • Renault confirms its 2023 projections after a dynamic Q1.
  • Tesla reported a lower-than-expected first-quarter gross margin on Wednesday, in the wake of a campaign of vehicle price cuts designed to stoke demand in a slowing economy and fend off growing competition. 
  • International Business Machines (IBM) beat Wall Street expectations for first-quarter profit and reported better-than-expected demand for IT services.
  • AT&T fell nearly 4% in premarket trading after reporting lower-than-expected quarterly revenue on Thursday amid intensifying competition.
  • Blackstone on Thursday reported a 36% decline in first-quarter distributable earnings per share amid a slowdown in the housing market. .
  • American Express was down 1.2 percent in pre-market trading after reporting first-quarter earnings per share of $2.40, compared with $2.66 expected. The company, however, confirmed its financial forecasts for the full year.
  • AB Volvo - The truck manufacturer revised upwards its outlook for Europe and North America.
  • Nokia: Q1 operating profit declines to EUR479m, against a consensus of EUR532m.
  • Rio Tinto - Iron ore production is solid and copper production was stable. But 2023 guidance has been lowered due to problems at KUC and Escondida.
  • Schindler - Forecasts are confirmed.
  • Taiwan Semiconductor: Q1 net income exceeds expectations.
  • Philip Morris International - Marlboro Cigarette maker cut its full-year profit forecast on Thursday, citing higher tobacco leaf prices, energy and labour costs, which weighed on the stock.
  • Alcoa was down 3.7% in premarket trading after reporting a larger-than-expected net loss and lower-than-expected sales for the first quarter.
  • Las Vegas Sands - The casino and hotel operator reported better-than-expected quarterly revenue, benefiting from increased attendance levels in Singapore and Macau.
  • Bed Bath & Beyond - Fell 14.4% in premarket trading as the Wall Street Journal reported that the home goods retailer was preparing to file for bankruptcy as early as this weekend.

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