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News Highlights: Top Company News of the Day

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10/23/2019 | 11:16pm EST
Tesla Delivers a Surprising Profit 

The electric-car maker posted a surprise profit for the third quarter, easing investor fears that the pursuit of growth and record production figures would come at the expense of the bottom line.

PayPal Lowers Earnings Guidance 

PayPal Holdings reported better-than-expected results in its latest quarter as revenue rose 19% but lowered its profit guidance for the year.

Perelman and Scientific Games Sued by Hedge-Fund Firm Sylebra 

A Hong Kong hedge-fund firm has sued billionaire financier Ronald Perelman and the gaming company he chairs, alleging they raised concerns about the firm to regulators in a bid to force it to sell back its stake in the gambling company at a steep discount.

SK Hynix Third-Quarter Net Profit Dropped 89% on Year 

SK Hynix's net profit plunged in the third quarter, though by less than expected as the decline in memory-chip prices eased.

Ford Lowers Profit Outlook, Citing China Weakness 

Ford's results in North America buoyed its third-quarter performance but the auto maker lowered its full-year profit outlook in part because of continued weakness in China.

Microsoft Posts Strong Earnings Growth 

The Redmond, Wash., company has enjoyed a strong period of higher earnings, in part because of Microsoft Chief Executive Satya Nadella's bet on cloud computing.

Las Vegas Sands CEO Sheldon Adelson Returns to Earnings Call 

Las Vegas Sands Chief Executive Sheldon Adelson told Wall Street analysts he's happy to be back after a nearly yearlong absence from conference calls discussing the company's quarterly earnings.

TikTok Rival Triller Raises $28 Million 

Triller, a U.S.-based rival to TikTok, raised $28 million in venture funding, valuing the music-focused social video-sharing app at $130 million.

Fortescue's Iron-Ore Exports Higher on Year in First Quarter 

Fortescue Metals Group Ltd. said first-quarter iron-ore shipments were up 5% versus a year ago.

EBay Predicts Revenue Decline as Strategic Review Continues 

Online marketplace eBay reported its quarterly profit fell 57% and gave a disappointing revenue forecast for the December quarter, which typically gets a holiday shopping boost.

Stocks mentioned in the article
ChangeLast1st jan.
EBAY INC. 1.12% 35.31 Delayed Quote.23.69%
FORTESCUE METALS GROUP LIMITED 1.25% 10.51 End-of-day quote.147.49%
HUDSON'S BAY COMPANY 2.61% 8.65 Delayed Quote.20.44%
LAS VEGAS SANDS CORP. 4.98% 68.7 Delayed Quote.25.73%
MICROSOFT CORPORATION 1.02% 153.24 Delayed Quote.49.36%
PAYPAL HOLDINGS 0.15% 105.67 Delayed Quote.25.47%
REVLON, INC. -1.92% 23 Delayed Quote.-6.91%
SANDS CHINA LTD. 2.31% 37.6 End-of-day quote.8.99%
SCIENTIFIC GAMES CORPORATION 2.64% 28 Delayed Quote.52.57%
TESLA INC. 1.98% 359.68 Delayed Quote.5.98%
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