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.
In other news:
- Kering announces that Gucci has been raided in Italy as part of a Commission antitrust investigation into the fashion sector.
- The EU is expected to clear Vivendi's acquisition of Lagardère, according to several sources.
- HSBC asks shareholders to vote against the proposed spin-off.
- Tesla likely to launch autonomous driving technology "this year."
- Creditors of Credit Suisse are considering a complaint in Singapore.
- Roche 's combination blood cancer therapy gets FDA green light for first-line treatment.
- Wärtsilä wins EUR 300m contract for energy storage project in Australia.
- Bobst had to deal with two cyberattacks in April, according to newspaper Le Temps.
- Today's top publications: Taiwan Semiconductor, Philip Morris, AT&T, American Express, Rio Tinto, EssilorLuxottica, Blackstone, AB Volvo, Sartorius Stedim Biotech, Nokia, Publicis, Edenred....All the agenda is here.