Hershey sales beats estimates, raises FY revenue forecast
Hershey Co reported third-quarter sales above Wall Street estimates on Thursday and raised its full-year revenue forecast, boosted by price increases and investments in snacking brands.
3M cuts profit forecast after sales miss on slowing Asia demand
3M Co on Thursday became the latest U.S manufacturer to signal American corporations are suffering from the trade war with China, after it reported quarterly revenue well short of Wall Street estimates and cut its full-year profit forecast.
Chemicals maker Dow profit beats estimates on cost cuts
Dow Inc beat Wall Street estimates for third-quarter profit on Thursday as its efforts to cut costs helped offset weaker prices for its chemicals used in making plastics.
Raytheon beats profit, raises full-year 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 weapons including missile warning systems.
Southwest profit jumps 7.2% as unit revenues rise
Southwest Airlines Co reported a 7.2% rise in third-quarter profit on Thursday, as strong travel demand and higher fares offset the hit from flight cancellations due to the grounding of its Boeing 737 MAX jets.
Hyundai targets EV sales of over half a million by 2025, posts disappointing third-quarter
South Korea’s Hyundai Motor pledged to boost sales of electric vehicles (EV) to over half a million by 2025 as part of a bid to focus on new technologies and catch up with rivals, but some analysts saw the target as conservative and warned of the costs…
Nissan explores sale of European plants amid falling sales: Bloomberg
Nissan Motor Co Ltd is considering selling two of its European plants as the Japanese carmaker faces falling sales in the region and an industry shift toward electric cars, Bloomberg reported on Thursday.
Stocks rise, euro holds gains before Draghi’s farewell
Europe’s traders were sending European Central Bank chief Mario Draghi off in style on Thursday, raising the region’s stocks to their highest in more than a year and nudging the euro towards its best month since January 2018.
Oil slips below $61 as weak demand outlook weighs
Oil slipped below $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.
Puma sees profit hit from U.S. tariffs on China
German sportswear group Puma cautioned on Thursday that it would take a hit from U.S. tariffs on China in the fourth quarter but still raised its sales forecast and narrowed its profit target after a strong third quarter in all regions.
