Dow Inc. beat Wall Street estimates for profit in the third quarter as it cut costs to offset a sharp slowdown in demand for the chemicals it makes for plastics and other manufacturing, sending shares almost 2% higher. An oversupply of ethylene and polyethylene as well as the impact of U.S.-China trade tensions on demand
Earnings
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images PayPal had a break-out quarter, sending its stock surging after reporting earnings. The payments company beat Wall Street’s estimates across the board for the third-quarter results Wednesday evening. Investors applauded the outperformance, sending PayPal shares up more
Tesla delivered a strong third-quarter earnings report after the bell on Wednesday, posting a surprise profit and telling shareholders it is ahead of schedule with a new factory in Shanghai. Shares spiked more than 20% after hours, putting them at their highest price since February. Here’s what the results were versus analysts’ expectations: Adjusted earnings
Stephen Schwarzman, billionaire and co-founder of Blackstone Group LP, does not believe a meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Osaka, Japan at the end of June is likely to result in a major trade deal. Patrick T. Fallon | Bloomberg | Getty Images Blackstone, the world’s largest manager of
Tesla is expected to report third-quarter earnings after the bell on Wednesday. The day before the call, analysts were expecting losses of 46 centers per share, with revenue of $6.42 billion for Elon Musk’s electric car and renewable energy company, according to data compiled by FactSet. The call will mark the first financial report from
Customers view Harley-Davidson Inc. motorcycles at the company’s dealership in South San Francisco, California, U.S., on Tuesday, June 26, 2018. Bloomberg | Bloomberg | Getty Images Harley-Davidson beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs and a further slump in
A F-35 fighter jet is seen as Turkey takes delivery of its first F-35 fighter jet with a ceremony at the Lockheed Martin in Forth Worth, Texas, United States on June 21, 2018. Atilgan Ozdil | Anadolu Agency | Getty Images Lockheed Martin raised its forecast for 2019 earnings as it reported a 9.2% rise
Employees sort packages at the United Parcel Service (UPS) Chicago Area Consolidation Hub in Hodgkins, Illinois. Daniel Acker | Bloomberg | Getty Images on Tuesday reported a quarterly profit that came ahead of Wall Street estimates, benefiting from strong e-commerce demand and rival breakup with Amazon.com. United Parcel Service’s e-commerce fueled quarterly profit beat on Tuesday
Various Halliburton equipment being stored at the equipment yard in Alvarado, Texas. Cooper Neill | Reuters Halliburton reported a 32% slump in quarterly profit on Monday, hit by weak demand for its services and equipment from oil and gas producers in North America, its biggest market. Revenue from North America fell 21% in the third
Shares of Netflix surged 8% in premarket trading after the company late Wednesday released its earnings report for the third quarter. The company reported mixed results, with an earnings beat and a miss on domestic subscriber adds, while revenue slightly missed analysts’ expectations. Here are the results vs. expectations: Earnings per share: $1.47 vs. $1.04