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Dynamic quotes 
OFFON

Romain
Fournier

Chief Editor
By the same author
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GLOBAL MARKETS LIVE: Big names today

10/29/2020 | 10:32am EST

The session is once again largely dominated by earnings reports, with several tech giants in the United States and companies such as Airbus, Orange, Credit Suisse, Nokia, Sony, Samsung or Sanofi in Europe and Asia. The situation seems to be settling down between LVMH and Tiffany, against all expectations.

 

Earnings season. Apple, Amazon.com, Alphabet, Facebook, Samsung Electronics, Comcast, Shopify, Sanofi, NTT Docomo, Anheuser-Busch Inbev, Starbucks, Royal Dutch Shell, Volkswagen, Airbus, Equinor, Orange... In all, more than 160 companies weighing more than $10 billion are publishing their results today.

A few results:

  • Airbus: The Group, which posted a net loss of €2.68 billion over nine months, is targeting at least break-even in adjusted free cash flow in the fourth quarter.
  • Sanofi: the laboratory has raised its 2020 earnings per share forecast after good figures in the third quarter.
  • Amgen: the laboratory has raised its annual forecast.
  • Anheuser-Busch Inbev: the brewer reported an Ebitda of $4.9 billion in Q3, above consensus.
  • Clariant: over nine months, sales decreased by 6% to CHF 2.84 billion.
  • Credit Suisse: The bank reported net income of CHF 546 million in Q3, down 38% and below consensus expectations.
  • Deutsche Börse: Q3 results are down, but annual targets remain unchanged.
  • eBay: Q3 results do not really convince the market, with a stock losing 4% after the announcement.
  • Equinor: results are below expectations, due to a higher than expected impairment charge on oil assets.
  • Ford Motor: earnings exceed $2 billion in Q3, above expectations. The stock gained 5% in the off-season.
  • Nokia: Finland's telecom network specialist reported net earnings below expectations in Q3.
  • Pinterest: The stock soared 30% in the quarter after the publication of promising results.
  • Royal Dutch Shell: Quarterly earnings are lower than expected, but the oil majors are still proposing a slightly higher dividend.
  • Standard Chartered: the British bank with a strong presence in Asia reported better-than-expected results, thanks in particular to lower provisions for bad debts.
  • Samsung: Third quarter results were higher than expected, while the fourth quarter is expected to be somewhat weaker due to lower demand for microchips.
  • Sony: The share price is rising in Tokyo, following an increase in annual targets.
  • Sunrise: UPC holds 96.5% of the capital after its takeover bid.
  • Visa: Quarterly figures are down, but less than expected.
  • Volkswagen: the manufacturer has returned to profitability in Q3, as it had recently hinted.
  • WPP: the organic contraction in business is slightly less than expected in Q3.

In other news:

  • LVMH has convinced Tiffany to accept a lower offer than initially expected to avoid a long and costly lawsuit. The French company reduced its proposal from USD 135 to USD 131.50 per share from the jeweler, who accepted it. The legal actions are cancelled.
  • Ericsson has been chosen by UK operator BT Group to deploy the 5G mobile network in several major cities in the UK.
  • The Senate hearing of Facebook, Google and Twitter bosses was long and tense.
  • Regeneron's Covid processing data is more robust than Eli Lilly's data.
  • Exxon Mobil maintains a quarterly dividend of USD 0.87.
  • The remdesivir has already yielded around $900 million to Gilead
  • Toyota is recalling 5.84 million vehicles worldwide due to a fuel pump defect, primarily in North America. Initially, the recall was expected to involve approximately 3.2 million vehicles.
  • Kioxia, Toshiba's division that was unable to complete its IPO, will invest $9.5 billion in a state-of-the-art plant to meet 5G demand.
  • Dow Jones understands that Marvell Technology will acquire Inphi.
  • Harley-Davidson launches an electric bicycle company....

© MarketScreener.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 1.24% 90.63 Real-time Quote.-31.48%
ALPHABET INC. 2.33% 1795.36 Delayed Quote.34.04%
AMAZON.COM, INC. 1.64% 3220.08 Delayed Quote.74.26%
AMGEN INC. 1.37% 225.08 Delayed Quote.-6.63%
ANHEUSER-BUSCH INBEV -0.48% 56.11 Delayed Quote.-22.43%
APPLE INC. 3.08% 122.72 Delayed Quote.62.17%
BT GROUP PLC 2.15% 125.1 Delayed Quote.-36.06%
CLARIANT AG -0.44% 18.12 Delayed Quote.-15.69%
COMCAST CORPORATION 1.55% 51.02 Delayed Quote.13.45%
CREDIT SUISSE GROUP AG -0.39% 11.575 Delayed Quote.-11.18%
DEUTSCHE BÖRSE AG -0.51% 137.5 Delayed Quote.-1.36%
EBAY INC. 0.18% 50.52 Delayed Quote.39.91%
EQUINOR ASA -1.90% 141.35 Delayed Quote.-18.86%
ERICSSON AB -0.52% 103.95 Delayed Quote.28.92%
EXXON MOBIL CORPORATION 0.97% 38.5 Delayed Quote.-44.83%
FACEBOOK INC 3.46% 286.55 Delayed Quote.39.61%
FORD MOTOR COMPANY 1.76% 9.24 Delayed Quote.-0.65%
GILEAD SCIENCES, INC. 0.74% 61.12 Delayed Quote.-5.94%
HARLEY-DAVIDSON, INC. 0.57% 40.52 Delayed Quote.8.34%
LVMH MOËT HENNESSY - LOUIS VUITTON SE -0.07% 495.7 Real-time Quote.19.93%
MARVELL TECHNOLOGY GROUP LTD. 0.76% 46.64 Delayed Quote.75.60%
NOKIA OYJ -1.99% 3.266 Delayed Quote.1.23%
NTT DOCOMO, INC. 0.00% 3873 End-of-day quote.27.49%
ORANGE 0.00% 10.625 Real-time Quote.-19.02%
PINTEREST, INC. -2.59% 68.21 Delayed Quote.265.93%
REGENERON PHARMACEUTICALS -0.38% 514.07 Delayed Quote.36.91%
ROYAL DUTCH SHELL PLC -0.01% 14.736 Delayed Quote.-43.71%
SAMSUNG ELECTRONICS CO., LTD. -2.20% 66700 End-of-day quote.19.53%
SANOFI -0.56% 83.73 Real-time Quote.-6.16%
SHOPIFY INC. -1.96% 1069.06 Delayed Quote.168.89%
SONY CORPORATION -1.10% 9704 End-of-day quote.31.12%
STANDARD CHARTERED PLC 0.63% 479.5 Delayed Quote.-33.06%
STARBUCKS CORPORATION 0.82% 98.82 Delayed Quote.11.49%
SUNRISE COMMUNICATIONS GROUP AG 0.00% 110.1 Delayed Quote.44.77%
TIFFANY & CO. -0.10% 131.35 Delayed Quote.-1.62%
TOSHIBA CORPORATION 0.14% 2922 End-of-day quote.-21.13%
TOYOTA MOTOR CORPORATION -3.49% 6999 End-of-day quote.-9.27%
TWITTER 0.34% 46.67 Delayed Quote.45.62%
VISA 0.40% 211.2 Delayed Quote.12.40%
VOLKSWAGEN AG -1.14% 145.54 Delayed Quote.-16.39%
WPP PLC -1.41% 741 Delayed Quote.-29.41%