By Steve Goldstein
It was a day of diverging fortunes in European stocks on Thursday, as corporate results buoyed shares of Nokia and Anheuser-Busch InBev, while Volkswagen and Royal Dutch Shell traded lower.
Nokia /zigman2/quotes/203672305/delayed FI:NOKIA +0.96% /zigman2/quotes/207421390/composite NOK -0.68% shares rose 4% as the Finnish telecom equipment maker reported third-quarter adjusted earnings ahead of estimates , and said operating margins for the year will come in at the upper half of expectations.
Anheuser-Busch InBev /zigman2/quotes/203831500/delayed BE:ABI +0.33% /zigman2/quotes/209225053/composite BUD -1.03% gained 7% as the brewer reported a surprise rise in third-quarter organic operating profit as volumes rose 3.4%, driven by demand in Mexico, Colombia and Brazil. It also nudged higher its annual profit guidance.
Airbus /zigman2/quotes/208224336/delayed FR:AIR -1.38% rose after the plane maker lifted its financial targets for the year .
Volkswagen /zigman2/quotes/203434344/delayed XE:VOW3 -0.36% slipped 3% as the world’s number-two automaker by volume missed expectations , hurt by the familiar story of the microchip shortage.
Royal Dutch Shell /zigman2/quotes/204253697/delayed UK:RDSB -0.66% /zigman2/quotes/207682964/composite RDS.B +0.41% slipped 3% after missing third-quarter earnings estimates , setting an emissions reduction target, and being the target of a break-up call by Daniel Loeb’s Third Point investment firm.
U.S. stock futures /zigman2/quotes/209948968/delayed ES00 -0.28% inched higher.