Airbus SE (EADSY) shares hit a record high Tuesday after the European planemaker posted stronger-than-expected third quarter earnings as its commercial plans and helicopters surprised on the upside. Airbus earned €697 million ($812 million) for the three months ending in September, a figure that topped analysts' forecasts but was still down 4% year-on-year.
BNP Paribas SA (BNPQF) kicked off the French bank reporting season Tuesday with an 8% increase in third quarter profit despite a dip in trading revenues and negative foreign exchange movements that have also hit other European lenders. BP said its replacement cost profits doubled to $1.865 billion in the three months ending in September over the same period last year, a figure that beat analysts' forecast of 1.58 billion.
BP plc (BP - Get Report) posted a sharp rise in third quarter profits, thanks to a recovery in global oil prices, and said it would buyback shares in the fourth quarter even as it held its dividend in check. BP said its replacement cost profits doubled to $1.865 billion in the three months ending in September over the same period last year, a figure that beat analysts' forecast of 1.58 billion. However, while the group said it would buyback stocks in the current quarter, it held its 10 cents per share.
Clariant AG (CLZNY) shares edged higher Tuesday after the Swiss chemicals group reported stronger-than-expected third quarter earnings just days after its planned merger with Huntsman Corp. (HUN - Get Report)
Ryanair posted an 11% rise in net profit for the first half of 2017 compared with the same period a year ago, as the company said it's still on track for solid full year results despite the recent furore over flight cancellations.
WPP Plc (WPPGY) lowered its full-year sales guidance Tuesday after reporting a fall in like-for-like sales and revenue for the second consecutive quarter as big brands cut back on ad spending. The world's biggest advertising agency reported a 2% fall in third quarter like-for-like revenue to £3.649 billion ($4.8 billion) and a fall of 1.1% in like-for-like sales to £3.19 billion. This was the second consecutive quarter the company reported a fall in like-for-like revenue and sales.
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