AstraZeneca Ups Core EPS Guidance Despite Profit Miss
AstraZeneca raised its full-year guidance for core earnings per share and total revenue excluding Covid-19 medicines despite a lower third-quarter profit that missed forecasts.
Rheinmetall Backs Guidance After Boost in Sales, Orders
Rheinmetall confirmed its guidance for the year after third-quarter sales and orders grew on the back of strong demand for ammunition in a defense landscape significantly altered by Russia’s invasion of Ukraine and, more recently, the Israel-Hamas war.
SoftBank Loses $6.2 Billion in Quarter as WeWork Weighs on Investments
The Japanese tech investor sank deeper into the red as it reported write-downs related to the bankruptcy of office-sharing company and technology shares stayed under pressure.
Sony Reports Profit Drop on Weak Electronics, Financial Businesses
The Japanese company also revised its fiscal-year profit and revenue projections.
Honda Motor’s Motorcycle Operations Buoy Profit
Honda Motor’s first-half net profit climbed sharply, thanks to its highly profitable motorcycle operations and improved profitability of its automobile operations.
Fed Probes Morgan Stanley’s Wealth-Management Practices
At issue is how the bank vets foreigners and the origins of their money before taking them on as customers.
Hollywood Actors Reach Agreement With Studios, Streamers to End Strike
The deal, which still has to be ratified by members, would restart the entertainment industry’s content engine.
Airbus Sticks to Delivery Target, Ramps Up A350 Production
Airbus posted higher revenue and earnings and backed its guidance for the year, sticking to plans to deliver 720 commercial planes and ramping up production of its A350 wide-body aircraft.
Iger Lays Out Vision for Disney’s Future
Nearly a year after returning as CEO, Bob Iger laid out his vision of the company’s future, putting streaming and live entertainment at the center, fed by a studio business that he plans to personally help reinvent.
Lyft results beat estimates, execs say big October gains have continued
Lyft Inc. on Wednesday reported third-quarter results that beat Wall Street’s estimates and forecast fourth-quarter sales growth that was better than expected, helped by growth in back-to-school-season demand and a push to send workers back to offices.
Source: Dow Jones Newswires