News Formal

European earnings roll call sees Nestlé shares rise, while ASML, Akzo Nobel fall

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

European stocks struggle as a big batch of earnings roll out and with more worrying inflation signals, this time out of Germany.

European stocks struggled for direction on Wednesday as investors reacted to results from some of the region’s biggest companies, with shares of Nestlé a top gainer, while ASML Holding, Akzo Nobel and Antofagasta all fell.

Among companies, Nestlé NSRGY, -1.76% NESN, +3.59%, was a leading gainer with a rise of over 3% as the Swiss food and drink conglomerate reported higher sales for the first nine months of the year that also beat forecasts. And Nestlé lifted its full-year guidance for organic sales growth. Its Nescafe, Nespresso and Starbucks brands. Purina PetCare and vegetarian and plant-based food all drove growth.

Akzo Nobel AKZA, -2.15% shares fell over 1% after the Dutch paints and coating company reported a third-quarter fall in net profi, missing consensus and said its performance was hit by high raw-material costs and supply-chain disruptions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix’s Reed Hastings Envisions “Entertaining The World” In Chappelle-Free Q3 Earnings Call; Execs Talk Video Games, Content Spending & MoreCo-CEO Reed Hastings and his Netflix management colleagues didn’t let the current controversy over Dave Chappelle slow their roll during the company’s third-quarter earnings interview. …
Source: DEADLINE - 🏆 109. / 63 Read more »

Futures point to further Wall Street gains as earnings season rolls onU.S. stock futures pointed higher Tuesday, extending gains after the largest four-day stretch of gains since late July for both the S&P 500 and Nasdaq...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks rise with U.S. big growth shares; 5-yr U.S. yields climbGlobal stock indexes mostly rose on Monday following gains in U.S. mega-cap technology and other growth names, while five-year Treasury yields rose to their highest levels since early 2020.
Source: Reuters - 🏆 2. / 97 Read more »