Here is your daily earnings round-up:
Ford Motor Co. ( (F) ) is revving up on all fronts. The No. 2 U.S. automaker reported strong earnings early Thursday, Oct. 26, driven by record pretax profit in Asia and a strong performance in North America. Ford reported adjusted earnings of 43 cents a share, which easily topped analyst expectations of 33 cents, according to FactSet. The Michigan-based company had revenue of $36.5 billion, which also bested analysts' forecast of $33 billion.
Twitter ( (TWTR) ) shares surged in premarket trading after it reported third quarter revenue beat expectations. Twitter shares were up 8.58% in premarket trading, indicated to open at $18.65, after closing at $17.14 on Wednesday. Twitter stock is down 12% over the quarter. The social media company reported third quarter revenue of $590 million, a 4% drop compared with the same time period last year, but beating analysts' expectations of $586.7 million.
Nokia ( (NOK) ) shares fell more than 14% in morning trading in Finland after it reported a sharp fall in quarterly earnings and warned about tough market conditions. Nokia on Thursday reported network sales were down 9% in the third quarter to €4.8 billion ($5.7 billion), "reflecting challenges related to market conditions and certain projects in Mobile Networks, primarily in North America and Greater China," the company said. Operating profit in the business dropped 23% to €334 million, against analyst expectations of €432 million.
Barclays plc ( (BCS) ) shares dropped to the bottom of the FTSE Thursday after reporting a difficult third quarter in its markets business. Barclays shares were marked 4.25% lower in the first minutes of trading, changing hands at 188.93 pence, on track for their worst intraday fall since April 2017. Third quarter profits rose by 30%, the U.K. lender said Thursday, driven by a reduction in operating expenses to £1 billion.
Deutsche Bank AG ( (DB) ) shares were marked down on Thursday morning after reporting a larger-than-expected slump in third-quarter trading and investment banking revenue. Shares in the German bank were down 1.03%, changing hands at €14.39, extending a 15.74% loss since the beginning of the year. The German bank said trading was down 30% in the three months to September, worse than the 24% decline that had been expected by analysts. Revenues for the third quarter were down 10% year-on-year to €6.8 billion, in line with expectations.
Comcast Corp. ( (CMCSA) ) beat expectations for earnings in the third quarter, while subscriber losses deepened. Comcast reported earnings of 52 cents a share for the three months ended in September, compared to earnings of 49 cents expected by analysts.
