Corporate results:
- ABN Amro reported slightly higher net interest income in the fourth quarter.
- Ahold Delhaize forecasts 2024 performance close to that of 2023.
- Airbnb lost 4% after its quarterly results.
- Akamai lost 3.5% after its quarterly results.
- Coca-Cola Hellenic announces record profits.
- Delivery Hero estimates that its cash flow generation will be sufficient to settle bond and debt maturities.
- Finnair posts annual profit in line with expectations.
- Heineken reports annual organic growth of 5.5%, slightly below expectations.
- Mapfre reported a 20% increase in net profit for 2023.
- MGM lost 4% after its quarterly results.
- Norsk Hydro reported below expectations.
- Schindler reported higher earnings and sales for fiscal 2023.
- Severn Trent maintains its annual forecast.
- Sony reports in line with expectations and plans to list its financial division on the stock exchange in 2025.
- ThyssenKrupp lowers its sales and net profit forecasts due to weakening demand.
- Boeing expects a difficult quarter.
- Kraft Heinz posted fourth-quarter sales below consensus, as price increases affect demand for its products.
- Airbnb issued sales forecast for the current quarter that exceeded Wall Street expectations. However, the online rental services specialist posted a quarterly net loss of $349 million, as outstanding tax liabilities in Italy weighed on its results.
- Robinhood Markets climbed 12.7% in pre-market trading, as the online broker reported higher fourth-quarter revenues, up to $471 million from $380 million a year ago.
- Uber Technologies announced a $7 billion share buyback plan, which could lead to a record opening.
- Lyft posted adjusted quarterly earnings ahead of the LSEG consensus. Its Ebitda forecast for the current quarter also exceeded expectations.
- Instacart fell by 10.2% in premarket trading after the food delivery specialist reported fourth-quarter sales below the LSEG consensus on Tuesday evening. The group is also to cut 250 jobs, or 7% of its workforce, saying it wants to concentrate on "promising" initiatives.
In other news:
- Nvidia exceeds Amazon's market capitalization and is closing in on Alphabet.
- Walmart is in talks to buy smart TV maker Vizio for more than $2 billion, reported the Wall Street Journal.
- US congressmen call for investigation of Wuxi Apptec and Wuxi Biologics, to include the companies on the list of companies that threaten national security.
- Banco Santander claims that an internal investigation has revealed no violation of US sanctions against Iran.
- Standard Chartered will reorganize its corporate and investment banking business.
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Jeff Bezos sells $2.1 billion in additional Amazon shares.
- Saipem receives the green light from Australian authorities to resume operations on the Castorone vessel.
- TUI bids farewell to the London Stock Exchange.
- VF Corp, owner of The North Face, Vans and Timberland brands, said on Tuesday it would appoint a new member to its board of directors and select another with the help of activist investor Engaged Capital.
- Varta announces that five factories have been affected by a cyber attack.
- Stadler wins an order from SBB for five additional Giruno trains.
- Invitae, maker of genetic tests, files for bankruptcy protection in the USA.
- Motorola Solutions announced on Wednesday that it had acquired Silent Sentinel, a British specialist in long-range thermal imaging cameras, for an undisclosed sum, in order to strengthen its video security capabilities in locations such as airports and oil and gas sites.
Today's main earnings reports: Cisco Systems, Occidental Petroleum, CME Group, Analog Devices, Equinix, EssilorLuxottica, Heineken, Capgemini, Ahold Delhaize, Schindler, Genmab, ABN Amro... The full earnings calendar is here.