Stocks up after their quarterly results: Texas Instruments, Packaging Corporation of America
Stocks declining after their quarterly results: Enphase Energy, Seagate, Starbucks, Manhattan Associates
- McDonald's shares were down nearly 9% post-trading yesterday, after the CNC declared that an E. coli outbreak in 10 states was linked to the company's hamburgers.
- Frontier Group and Spirit Airlines have resumed merger talks, according to the WSJ.
- Arm Holdings cancels Qualcomm's chip design license, according to Bloomberg.
- Meta Platforms wins shareholder lawsuit over child safety allegations.
- Apple CEO Tim Cook met with China's Minister of Industry and Information Technology in Beijing.
- Tupperware Brands, in bankruptcy, agreed on Tuesday to sell its business to a group of creditors for $23.5 million in cash.
- Altair Engineering is considering a sale, according to Reuters.
- Spirit Airlines soared over 32% in premarket trading, buoyed by whispers of renewed acquisition interest from Frontier Group Holdings.
- TransUnion shares posted robust Q3 earnings and upping its 2024 guidance.
- Hilton Worldwide Holdings took a 4% hit due to lackluster Q3 revenue and a cautious outlook for 2024.
- Coca-Cola: The company reported sales of USD 11,854 million, compared with USD 11,953 million a year earlier. Net income amounted to USD 2,848 million , compared with USD 3,087 million USD the previous year.
- In tech, Roper Technologies surpassed Q3 expectations.
- Enphase Energy nosedived 15% following a Q3 earnings drop.
- Constellium's stock tumbled 13% on disappointing earnings and revenue.
- Roche confirms guidance after 9% growth in Q3.
- Heineken sales decline in Q3, but full-year outlook confirmed.
- Volvo Car reduces its growth outlook for the full year due to the slowdown in the electric vehicle market.
- Deutsche Börse reports quarterly profit up 11% and revises forecasts upwards.
- Akzo Nobel misses third-quarter revenue forecast.
- Reckitt revenues down in Q3.
- WPP reports higher third-quarter sales and confirms its outlook.
- Third-quarter earnings for Kuehne und Nagel up 2%, but still below market forecasts.
- Svenska Handelsbanken profit exceeds forecasts thanks to cost-cutting efforts.
- Ems-Chemie expects slightly lower annual sales and slightly higher operating income than last year.
- Iberdrola has completed the acquisition of an 88% stake in the British electricity distribution company Electricity North West.
- ASML CEO expects increasing pressure from the US to further restrict semiconductor technology sales to China.
- Rheinmetall opens a new artillery gun manufacturing plant as part of a defense agreement between the UK and Germany.
- S&P changed the outlook on Givaudan's A- credit rating from negative to stable.
- Jochen Sengpiehl, Volkswagen's marketing director for China, returned to Germany after being held in China for ten days, according to the FT.
- Carlyle abandons its bid to acquire a stake in ThyssenKrupp's shipping division.
- Tokyo Metro soars by over 30% for its first listing.
- China Resources Beverage shares jump 13.5% in Hong Kong IPO.
- LG Chem takes legal action against a unit of the Chinese company Ningbo Ronbay over battery technology.
Today's main earnings reports: Tesla, Coca-Cola, T-Mobile US, Thermo Fisher, ServiceNow, IBM, NextEra, AT&T, Boston Scientific, Lam Research, Boeing, General Dynamics, CME Group, Canadian Pacific, Amphenol, GE Vernova...Roche, Atlas Copco, Iberdrola, Heineken, Lloyds Banking Group, Reckitt Benckiser, DSV, Thales, Assa Abloy, Kering, Deutsche Bank, Michelin, Swedbank, Bureau Veritas, WPP, Akzo Nobel, Hindustan Unilever, Hong Kong Exchanges and Clearing, Bajaj Finserv, CGN Power...