Corporate results:

  • Adecco: reports third quarter results in line with expectations
  • BMW: Q3 operating profit reaches €3.68bn, slightly above expectations.
  • Etsy: The stock jumped 10% after the release of its quarterly results.
  • Geberit: reported a 7.5% decline in third-quarter sales, linked to a weakening of the recent home renovation trend.
  • ING Groep: net profit came in below expectations.
  • Lenovo: The Chinese company shows its first decline in ten quarters.
  • Orsted: raised its outlook for fiscal 2022.
  • Solvay: The chemical company posted record results in Q3 and raised its free cash flow forecast for 2022, after having already raised its Ebitda forecast on October 24.
  • Uniper: The net loss for nine months is close to €40bn, due to the explosion in gas prices.
  • Zalando: It revised its annual results to the lower end of its target range.
  • Qualcomm expects revenue for the final quarter of the year to be about $2 billion below analysts' expectations due to a slowdown in smartphone sales.
  • Kellogg raised its sales and profit forecast for the year, betting on solid demand despite a series of price increases.
  • Moderna fell 15% in premarket trading after the company lowered its COVID-19 vaccine sales forecast for this year due to supply issues. The group also reported lower-than-expected third-quarter sales.
  • eBay reported above-expectations quarterly results on Wednesday on the strength of demand for second-hand items but also the success of its luxury goods offering.
  • Marathon Oil reported strong quarterly profit growth, supported by soaring crude prices. The group also announced an agreement to buy natural gas assets from Ensign Natural Resources for $3 billion.
  • ConocoPhillips reported Thursday a rise in third-quarter profit on the back of soaring energy prices and robust demand.
  • Marriott International on Thursday raised its annual profit forecast, helped by higher fares and a solid rebound in leisure and business travel amid the lifting of health restrictions related to the COVID-19 pandemic.
  • MetLife reported a 53% drop in third-quarter profit as deteriorating economic conditions and declining global markets hurt the U.S. insurer's returns on investments.
  • Cigna gained 1.5% in premarket trading after raising its full-year adjusted earnings per share forecast and reporting better-than-expected quarterly revenue.
  • Intercontinental Exchange reported higher third-quarter adjusted earnings on Thursday, supported by strong trading volumes that helped offset a lull in IPOs.
  • Under Armour on Thursday cut its annual revenue and profit forecasts amid a rising dollar and slowing consumer demand ahead of the crucial holiday shopping season.
  • Royal Caribbean beat market expectations for third-quarter revenue, buoyed by increased bookings and spending on its cruise ships.
  • Peloton Interactive said Thursday it expects its fiscal second-quarter sales to fall short of Wall Street expectations. The stock was down 13.7 percent in premarket trading.
  • Robinhood - The online broker reported a smaller-than-expected quarterly loss thanks to the performance of its trading business and market volatility. Its stock was up 4.5% in pre-market trading.
  • Roku fell about 20 percent in premarket trading as the video-on-demand platform said it expects quarterly revenue to fall short of expectations due to lower advertising budgets from advertisers.
  • Altice USA reported a 7% decline in third-quarter revenue to $2.39 billion, below the Refinitiv consensus of $2.45 billion. In pre-market trading, the stock was down 23.3%.

 

In other news:

  • The U.S. Department of Justice is preparing to investigate Adobe's acquisition of Figma.
  • Carl Icahn holds a stake of over 8% in beverage can maker Crown Holdings.
  • Teva Pharmaceuticals will pay up to $4.2 billion to end claims related to its involvement in the U.S. opioid crisis, New York State Attorney General Letitia James said Thursday.
  • Solvay and Orbia team up to create a joint venture to supply critical materials for the North American battery market.
  • Private equity buys Caverion at EUR 7 per share.
  • Contemporary Amperex Technology holds 35% of the electric vehicle battery market in 2022, according to South Korean market research firm SNE Research.
  • SGS deploys hydrogen testing services in a French laboratory.

Top earnings reports today: ConocoPhillips, Amgen, Cigna, Starbucks, PayPal, Regeneron, BNP Paribas, BMW, Enel, ING Groep, Legrand, Stellantis, Teleperformance... All the agenda is here.