Earnings season. Alibaba, Bristol-Myers Squibb, T-Mobile US, AstraZeneca, Linde, Enel, Zoetis, Cigna, Nintendo, Uber, Barrick Gold, Electronic Arts, ING Groep, Suzuki, Siemens Gamesa, Legrand and ArcelorMittal are among companies posting their results today.
A few results:
- AstraZeneca: Q3 net profit reaches USD 0.94, compared to the consensus of USD 1.
- Commerzbank: Results are a bit short compared to expectations.
- Deutsche Lufthansa: the German airline confirmed its cash target for 2021, while the net loss for the third quarter flirts with €2 billion.
- Expedia: the online tour operator posted a quarterly loss, the third in a row, the market welcomed the figures with a 6% increase in the share price outside of the trading session.
- HeidelbergCement: the German cement manufacturer improved its Q3 results and is targeting improved performance this year.
- ING Groep posted pre-tax profit of €1.2 billion, slightly below expectations, and announced a plan to cut 1,000 jobs.
- MetLife: results are close to expectations, but are not exciting the crowds.
- Nintendo: the group is raising its forecast, which was expected, but less than analysts expected.
- Qualcomm : the results are attractive to investors, with a stock jumping 14% after the session.
- Solvay: net profit fell 42% in Q3 to €176 million, due to difficulties in industrial sectors such as aerospace and automotive. Forecasts are confirmed, but could be jeopardized by the return of the pandemic.
- Unicredit: Like most other European banks, the Italian bank published better-than-expected results in Q3.
In other news:
- Vale is negotiating the sale of its nickel plant in New Caledonia to a consortium including Trafigura, investment funds and local stakeholders.
- Jeff Bezos sold another $3 billion of Amazon.com shares this week, bringing his 2020 sales to more than $10 billion.
- Biogen closed up 44% yesterday on Wall Street, after the US drug agency suggested its Alzheimer's treatment had a good chance of being approved. The stock of its Japanese partner Eisai was incoherent for part of the session.
- According to information from Bloomberg, Apple faces problems with the supply of components for its iPhone 12.