Category: Top Story

Philip Morris International (NYSE:PM) lifted its annual earnings forecast on Tuesday, buoyed by robust demand for its smoke-free products, which helped drive record results for the third quarter. Shares rose more than 3% in premarket U.S. trading following the announcement. Organic net revenues from the company’s smoke-free tobacco segment — a growing focus as consumers…

Lockheed Martin (NYSE:LMT) saw its shares rise 3% in premarket trading on Tuesday after reporting third-quarter earnings that topped Wall Street expectations and announcing an upgrade to its full-year profit guidance, reflecting strong global demand for its defense products. The defense contractor posted Q3 earnings per share of $6.95, well above the analyst estimate of…

RTX (NYSE:RTX) raised its full-year financial outlook on Tuesday after posting third-quarter earnings that exceeded market expectations, fueled by continued strength in its defense and commercial aerospace businesses. Shares of the U.S. defense contractor surged more than 6% in premarket trading following the announcement. The company reported earnings per share of $1.70 for Q3, comfortably…

Coca-Cola (NYSE:KO) delivered third-quarter results that came in slightly ahead of Wall Street expectations, buoyed by steady demand and pricing power, even as the company described the broader operating landscape as “challenging.” The beverage maker has been contending with softening volumes in key markets, including the U.S. and Latin America, as cost-conscious consumers cut back…

Northrop Grumman Corporation (NYSE:NOC) delivered third-quarter earnings that exceeded Wall Street expectations, even though revenue came in slightly below forecasts, with strong operating performance across key segments supporting profitability. The defense and aerospace group posted adjusted earnings of $7.67 per share, beating analyst estimates of $6.46 by $1.21. Quarterly revenue climbed 4% year over year…

Elevance Health (NYSE:ELV) saw its stock rise 4.1% in premarket trading after the healthcare company delivered third-quarter earnings that comfortably surpassed Wall Street forecasts, reflecting solid execution across its core operations. The health benefits group reported adjusted earnings of $6.03 per share, well above analyst expectations of $4.95. Revenue reached $50.1 billion, topping the $49.34…

General Motors (NYSE:GM) saw its shares jump 6.6% on Monday after the automaker reported third-quarter earnings that topped Wall Street expectations and raised its full-year profit guidance, even as it continues to navigate a challenging electric vehicle market. GM posted adjusted earnings of $2.80 per share for the third quarter, well ahead of the $2.32…

Danaher Corporation (NYSE:DHR) delivered third-quarter results that came in stronger than expected, but issued a cautious full-year profit forecast that slightly undershot Wall Street’s estimates at the midpoint. The stock slipped about 1% in premarket trading as of 10:14 GMT. For the quarter, the life sciences group reported earnings per share of $1.89, comfortably beating…

Shares of major gold and silver producers fell sharply on Tuesday as precious metal prices backed away from their recent record-breaking rally, with silver miners leading the downturn. Barrick Gold Corporation (NYSE:B), Agnico Eagle Mines Limited (NYSE:AEM), Kinross Gold Corporation (NYSE:KGC), Newmont Corporation (NYSE:NEM), Eldorado Gold Corporation (NYSE:EGO) and AngloGold Ashanti Limited (NYSE:AU) each fell…

Alibaba Group (NYSE:BABA) shares climbed sharply in Hong Kong on Tuesday after local media revealed the company is working on a new artificial intelligence initiative designed to compete directly with ByteDance’s AI offerings. The stock gained as much as 4.2% to HK$169.0, making it one of the top contributors to the Hang Seng Index’s 1.7%…