Global markets live: Toshiba, Foxconn, Coinbase, Tesla, Meta...

08/10/2022 | 11:44am

Everyday, the MarketScreener team selects the most important news about listed companies across the world. Here is a short recap for your convenience (The list is updated during the day):

 

 

 

Corporate results:

  • ABN Amro: Quarterly results were better than expected, despite the bank's cost increases.
  • Ahold Delhaize: Bol's proposed IPO is delayed. The retailer raised its earnings per share and free cash flow forecasts.
  • Alcon: The group reduces its 2022 forecast.
  • Evonik: The German chemical company posted Q2 Ebitda of €728M, slightly higher than consensus expectations.
  • Honda: The automaker reported a 9% drop in fiscal Q1 profit, but beat estimates.
  • Toshiba: The Japanese company posted a surprise quarterly operating loss due to higher material costs.
  • Vestas: The wind turbine maker reports lower than expected Q2 results.
  • Foxconn, one of Apple's main suppliers, issued a cautious forecast for the current quarter on Wednesday, citing a slowdown in smartphone demand.
  • In addition, Bofa Global Research has added Meta to its "US 1 list" of U.S. stocks it recommends to its clients and removed Alphabet.
  • Coinbase - The cryptocurrency exchange reported a larger-than-expected quarterly loss on Tuesday, the result of a more than 50 percent drop in trading volumes, a decline the company expects to continue in the current quarter.
  • Roblox - The online video game group reported lower than expected quarterly results on Tuesday.
  • SoftBank announced plans to reduce its stake in Chinese online retail giant Alibaba from 23.7% to 14.6%.
  • Wendy's reported same-store sales growth in the U.S. below market expectations due to inflation.

 

In other news:

  • Tesla - Elon Musk, the chief executive of the electric vehicle maker, sold $6.9 billion worth of shares, explaining that the proceeds could partially fund a deal with Twitter at the end of ongoing legal proceedings.
  • Ferrovial is considering options for its 25% stake in Heathrow Airport.
  • Sika's acquisition of MBCC is delayed after UK investigation.
  • Taiwan wants Foxconn to divest its stake in China's Tsinghua.
  • Meta Platforms announced Tuesday night that it had raised $10 billion in its first-ever bond issue, a move that will allow it to finance share buybacks and new investments, among other things.
  • Bone Therapeutics merges with Medsenic.

Main earnings reports today: Walt Disney Company, Hon Hai Precision, Honda Motor, Coupang, Prudential, Ahold Delhaize, Vestas, Genmab, Fujifilm, Evonik, ABN Amro... All the agenda is here.

MarketScreener.com 2022
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