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.
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.
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 rival to TikTok, has raised $28 million in venture funding, valuing the music-focused social video-sharing app at $130 million.
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.