European stocks opened lower on Thursday, as investors reacted to another flurry of corporate earnings.
The pan-European Stoxx 600 was 0.3% lower 20 minutes into the session, with most sectors and major bourses in negative territory. France's CAC 40 led losses among major regional indexes, with a decline of 0.7%.
It's a busy day for earnings with third-quarter reports due from a slew of regional companies.
AstraZeneca CEO: ‘We decided to be cautious'
AstraZeneca held its guidance steady on Thursday morning, after reporting better-than-expected third-quarter revenues and profit. Total revenue, which jumped 10% year-on-year in the third quarter on a constant currency basis, is expected to rise by a high single-digit percentage this year, while core earnings per share are forecast to jump by a low double-digit percentage.
Shares were 0.7% higher shortly after the opening bell.
Speaking to CNBC's "Squawk Box Europe" on Thursday morning, AstraZeneca CEO Pascal Soriot said the company had decided to keep its guidance unchanged as it was still grappling with headwinds in China and Latin America.
Source : CNBC
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