Raytheon profit beats estimates, raises 2019 forecast on higher weapons demand
U.S. weapons maker Raytheon Company reported better-than-expected third-quarter profit on Thursday and raised its full-year earnings and sales outlook, helped by higher demand for space programs, weapons and missile warning systems.
American Airlines profit beats estimates on lower fuel costs
American Airlines Group Inc beat Wall Street estimates for third quarter profit on Thursday as lower fuel costs boosted margins, but it raised its 2019 cost estimates related to the Boeing 737 MAX grounding to $540 million.
Southwest profit jumps 7.2% as demand, MAX cancellations push up fares
Southwest Airlines Co reported a 7.2% rise in third-quarter profit on Thursday, driven by strong travel demand and higher fares following flight cancellations due to the grounding of its Boeing 737 MAX jets.
Oil steadies above $61, weak demand outlook weighs
Oil steadied above $61 a barrel on Thursday as concern over the demand outlook offset a surprise drop in U.S. crude inventories and the prospect of further action by OPEC and its allies to support the market.
Futures rise as better earnings ease nerves
U.S. stock index futures edged higher on Thursday, as solid results from Microsoft, Lam Research and Tesla lifted sentiment following lackluster reports from big bellwether companies in the previous session.
Hershey ups full-year sales forecast after third-quarter beat
Hershey Co raised its full-year revenue forecast after posting third-quarter results that beat Wall Street estimates on Thursday, driven by price increases and investments in snacking brands.
Chemicals maker Dow cuts costs as global slowdown bites
Dow Inc beat Wall Street’s tempered profit estimates in the third quarter as it cut costs to offset a sharp drop in demand for chemicals used in plastics and other manufacturing, sending its shares up more than 5%.
White House aide: Phase one U.S.-China trade deal targets intellectual property
An initial pact on U.S-China trade will include much of a scrapped May deal’s agreement regarding intellectual property and will target enforcement mechanisms, White House trade adviser Peter Navarro said on Thursday, adding that he hopes the Chinese n…
Comcast beats profit estimates on internet subscriber additions
Media and communications company Comcast Corp beat Wall Street estimates for third-quarter profit on Thursday, as it added more high-speed internet customers, even as it lost video users.
Twitter revenue hit by weaker advertising, low demand; shares plunge
Twitter Inc posted worse-than-expected third quarter revenue and profit on Thursday, which the company attributed to advertising problems including product bugs and unusually low demand over the summer, sending its shares down about 15%.
