International stocks trading in New York were mixed on Thursday.
The BNY Mellon index of American depositary receipts rose 0.7% to
143.28. The European index increased 1.3% to 140.75, the Asian
index improved 0.15% to 143.48, the Latin American index fell 1.9%
to 258.25 and the emerging markets index declined 0.85% to 278.82.
Among the companies with shares that actively traded were Nokia
Corp. (NOK, NOK1V.HE) and Unilever PLC (UL, ULVR.LN).
Nokia gave a more bullish full-year financial outlook after
swinging to a profit for the third quarter, providing evidence that
the Finnish telecom-equipment supplier's main network unit has
moved well beyond several years of painful restructuring. The
former handset giant reported revenue growth of 13%, as the company
deployed high-speed mobile networks in North America and China.
Shares rose 5.9% to $8.40.
Unilever warned of a tough global outlook and struck a gloomy
tone after the Anglo-Dutch consumer-products giant reported its
slowest quarterly sales growth in five years, raising fears of a
continued broad economic slowdown across emerging markets. Unilever
makes nearly 60% of its sales in emerging economies such as India,
Indonesia and Brazil--a higher exposure than U.S. rival Procter
& Gamble Co. Unilever shares fell 2.5% to $37.20.
Credit Suisse Group AG (CS, CSGN.VX) said its third-quarter
profit more than doubled as the Swiss bank continued streamlining
its wealth management business and posted a sharp increase in
debt-trading revenues. Earnings and revenue topped analysts'
expectations. The bank cautioned, however, that the start of the
current quarter has been "mixed" due to increased market
volatility. Shares fell 1% to $25.76.
Cemex SAB (CX, CEMEX.MX) posted a narrower third-quarter loss on
modest improvement in sales and operating profit. Sales growth in
the U.S. and Mexico offset weakness in Northern Europe and parts of
Latin America. However the Mexico-based cement maker's results
disappointed analysts. Chief Executive Fernando Gonzalez said in a
conference call that the U.S., and to a lesser extent Mexico, are
expected to be the main drivers for earnings growth. Shares rose
2.8% to $11.91.
Logitech International SA's (LOGI, LOGN.EB) turnaround won't be
derailed by a slowdown in the tablet market, the peripherals
maker's chief executive said, even though the company has hitched
much of its revival to mobile computing devices. On Wednesday,
Logitech, based in Newark, Calif., and Lausanne, Switzerland, said
its profit more than doubled during its second quarter, even though
sales of tablet accessories, like detachable keyboards, fell 19% in
the period amid a slowdown in tablet sales. Shares rose 4.8% to
$13.41.
Write to Tess Stynes at tess.stynes@wsj.com
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