Corporate results:

  • Advanced Micro Devices lost 6.5% after posting disappointing quarterly results.
  • Alphabet on Tuesday evening reported advertising sales for the October-December period below Wall Street expectations, overshadowing the technology giant's efforts in artificial intelligence (AI) and cloud computing. The stock fell by 5.6% in pre-market trading.
  • Banco Santander reports a 28% rise in Q4 profits thanks to loan revenues in Europe and Brazil.
  • Contemporary Amperex Technology gains 8% after its results.
  • GSK forecasts sales growth of 5 to 7% in 2024.
  • Hennes & Mauritz posts Q4 operating profit slightly below expectations. New CEO appointed.
  • Microsoft reported quarterly results ahead of Wall Street expectations on Tuesday evening, as new artificial intelligence (AI) features helped attract consumers to the company's cloud computing services. The stock is down 1.5% in pre-market trading due to rising AI-related costs.
  • Mondelez lost 3% after its quarterly results.
  • Novartis, whose results fell in Q4, forecasts annual sales growth of 5% until 2028.
  • Novo Nordisk beats Q4 earnings expectations and forecasts double-digit growth in 2024.
  • Samsung Electronics reports a fourth consecutive quarter of lower earnings, but better-than-expected figures.
  • SKF beats forecasts, but sales expected to slow in 2024.
  • Starbucks advanced 2.7% in premarket trading after the coffee chain reported lower-than-expected results for its fiscal first quarter.
  • Boeing has "a lot to prove" to regain the confidence of regulators and customers after the mid-air incident involving an Alaska Airlines 737 MAX, CEO Dave Calhoun acknowledged on Wednesday, adding that the aircraft manufacturer will "move forward cautiously" in the face of the "serious challenge" it faces. It did not provide financial forecasts for 2024, and said it posted a fourth-quarter adjusted loss per share of $0.47, compared with an adjusted loss of $1.75 per share a year ago. Sales rose by 10% to $22 billion. The share price is up slightly in pre-market trading.
  • Electronic Arts reported lower-than-expected quarterly bookings on Tuesday, as lower spending and increased competition affected demand for its game titles. The share price fell by 3% in after-hours trading.
  • Mondelez International reported a rise in fourth-quarter sales on Tuesday, but price increases weighed on demand, which declined in volume terms. The share lost 2.8% in pre-market trading.
  • Match, parent company of Tinder, announced Tuesday evening that it expected first-quarter sales to fall short of Wall Street expectations, as users of dating apps cut back on spending amid economic uncertainty.
  • Phillips 66 exceeded expectations on Wednesday for quarterly earnings, thanks to sustained demand for fuel and solid performances in its chemicals division.
  • Otis Worldwide - The elevator and escalator manufacturer reported slightly better-than-expected earnings on Wednesday, thanks to sustained demand for its maintenance and repair services.
  • Skyworks Solutions, an Apple supplier, exceeded expectations for quarterly earnings on Tuesday evening, helped by a stabilization of its market and the growing use of 5G telecom technologies.
  • Thermo Fisher Scientific - The medical equipment manufacturer said Wednesday it expects full-year earnings to fall short of Wall Street expectations, due to a further decline in demand for its services used to manufacture therapeutics and vaccines.

In other news:

  • Tesla is down 3.1% in pre-market trading after a Delaware judge overturned a record $56 billion compensation package for Elon Musk, the automaker's CEO, following a shareholder complaint.
  • KKR finalizes its offer with the Italian Treasury for Telecom Italia's submarine cable subsidiary, Sparkle.
  • Byron Allen submits $14 billion bid for Paramount Global.
  • PayPal announces a reduction of around 9% in its global workforce.
  • Adobe abandons plans to create a web design product to compete with Figma.
  • Walmart to proceed with 3-for-1 stock split.
  • BAE Systems wins $418 million U.S. Army contract.
  • Bayer outsources certain aspects of its pharmaceutical activities in Africa.
  • Universal Music does not renew its licensing agreement with TikTok.
  • Spain authorizes Aena to raise airport tariffs by 4% this year.
  • Aluflexpack expands its US operations.
  • Sensirion signs licensing agreement with Thorlabs.
  • Juniper Networks, which is to be acquired by Hewlett Packard Enterprise, published sales for the fourth quarter on Tuesday evening below market expectations, penalized in particular by weak customer spending in the cloud computing sector.
  • Nasdaq, the company that manages the American stock exchange of the same name, plans to cut hundreds of jobs as part of the integration of software provider Adenza into its operations - an acquisition completed last year, Bloomberg reported on Tuesday, citing sources close to the matter.
  • Paramount Global jumped 21% in premarket trading as media tycoon Byron Allen submitted a $30 billion takeover bid, including debt, for the group, a statement to Reuters showed on Tuesday evening.

    Today's main earnings reports: Novo Nordisk, Mastercard, Samsung Electronics, Novartis, Thermo Fisher, Qualcomm, Boeing, GSK, Banco Santander, Hennes & Mauritz... The full earnings calendar is here.