Corporate results:

  • Akzo exceeds EBITDA expectations in Q1.
  • Bayer confirms its outlook for 2024 despite a slow start to its agricultural and consumer health businesses.
  • Boliden announces profits halved in Q1.
  • Cadence Design loses 6% after the close of trading following its quarterly results.
  • Epiroc posts lower-than-expected first-quarter operating profit.
  • Novartis reports quarterly results at the top end of expectations and raises its forecasts.
  • Randstad misses its profit forecast due to difficult market conditions.
  • Saipem reports a 40% jump in first-quarter core earnings.
  • SAP SE reports Q1 loss, but revenues rise.
  • United Parcel Service reported lower first-quarter profits on Tuesday, as margins came under pressure from weaker demand and higher labor costs. The stock nevertheless gained 1.8% before the opening.
  • General Motors has published Tuesday quarterly results and raised its annual forecasts, citing stable prices and demand for its petrol-engined vehicles. The stock gained 4.6% before the opening.
  • Rtx reported a 20% rise in first-quarter profit on Tuesday, thanks to a strong commercial parts market and demand for military equipment.
  • PepsiCo beat Wall Street's expectations for its first-quarter sales on Tuesday, as demand for its snacks remained strong in its international markets. The stock nevertheless lost 0.7% before the opening.
  • Halliburton posted better-than-expected first-quarter earnings on Tuesday, as rising demand for drilling in international markets helped the oilfield services company counter a slowdown in activity in North America.
  • Ge Aerospace raised its full-year profit forecast on Tuesday on strong demand for jet engine parts and services. The stock gained 5% before the opening.
  • Spotify reported Tuesday 615 million active monthly users (AMU) for the first quarter, a figure up 19% but below estimates, as the Swedish group spent less on marketing activities to attract more listeners.

In other news:

  • JD Sports Fashion will buy Hibbett for $87.50 per share in cash, a total consideration of $1.08 billion.
  • ASML chooses to expand in Eindhoven, the Netherlands.
  • Seven Group is eyeing Cleanaway Waste, according to Bloomberg.
  • Galp Energia seeks to sell stake in Namibian oilfield after discovery.
  • Kuehne Und Nagel International reports lower first-quarter results.
  • The US FTC takes legal action to block Tapestry' s $8.5bn takeover of Capri.
  • Boeing expects a slower increase in the production rate and deliveries of the 787, according to a memo.
  • Eli Lilly acquires production capacity from Nexus Pharma.
  • The DA approves Immunity Bio 's bladder cancer therapy.
  • Honda is to set up a major vehicle and battery plant in Canada.
  • Nvidia - Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence chips through resellers, despite the tightening of the US embargo on semiconductor exports on November 17, a Reuters review of hundreds of tender documents shows. These chips have been integrated into server products manufactured by Super Micro Computer, Dell Technologies and the Taiwanese group Gigabyte Technology.
  • Apple - The US group's smartphone sales in China fell by 19.1% in the first quarter of 2024, while those of its rival Huawei jumped by 69.1%, according to data from Counterpoint Research, which now estimates Apple's market share in China at 15.7% compared with 19.7% a year ago. China is the world's leading market for smartphones.
  • Microsoft unveiled a lighter, cheaper version of its artificial intelligence model, Phi-3-mini, capable of performing tasks such as creating content and posting on social networks on Tuesday.
  • Adobe announced on Tuesday that it plans to integrate a tool for generating images using artificial intelligence into its flagship Photoshop software later this year.
  • Boeing expects a slowdown in production and deliveries of its 787 jetliner, as the US aircraft manufacturer faces shortages at its suppliers "on a few key parts," a group official said in a note to employees on Monday.
  • Tesla gained 0.7% in premarket trading ahead of the publication of its quarterly results at the close of trading on the New York Stock Exchange.
  • Hibbett - JD Sports Fashion is to buy US sportswear retailer Hibbett for around $1.08 billion, the two groups announced on Tuesday.
  • UnitedHealth Group said on Monday evening that hackers had stolen a "substantial amount" of US citizens' personal and health data from its systems in February, while the health insurer is working to limit the damage to its Change Healthcare division.
  • The mining groups Newmont and Barrick Gold fell by 1.2% and 1.7% respectively in pre-market trading in the wake of the fall in metal prices, gold having fallen to its lowest level since April 5 amid easing fears of an escalation of the conflict in the Middle East.


Today's top earnings reports: Visa, Tesla, PepsiCo, Novartis, Kering, ASM International, Akzo, Renault, Eiffage, Danaher, GE Aerospace, Texas Instruments, Philip Morris, United Parcel Service, Lockheed Martin, Spotify, General Motors...