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News Highlights: Top Company News of the Day

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10/24/2019 | 03:16am 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.

Nokia Warns of Troubles From 5G Roll Out 

Nokia cut its full-year guidance and halted its dividend as it warned that it needs to save cash to cover the high costs of rolling out fifth-generation networks.

Daimler's Earnings Match Forecasts 

Daimler posted a rise in revenue and earnings in the third quarter largely in line with analysts' estimates.

BASF Backs Outlook Despite Weaker Quarter 

BASF said that third-quarter net profit and sales fell due to lower prices in its materials and chemicals businesses.

RBS Swings to Loss as PPI Costs Surge 

Royal Bank of Scotland reported a modest third-quarter loss after it booked higher PPI costs of GBP900 million following a late surge in claims ahead of the August deadline.

AstraZeneca Lifts Outlook As Sales Rise 

AstraZeneca said that third-quarter net profit fell, while sales increased as it raised its guidance.

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.

Stocks mentioned in the article
ChangeLast1st jan.
ASTRAZENECA 0.40% 7258 Delayed Quote.23.58%
BASF SE 0.62% 68.29 Delayed Quote.13.06%
DAIMLER AG 0.40% 49.455 Delayed Quote.7.72%
HUDSON'S BAY COMPANY -0.98% 9.13 Delayed Quote.25.24%
NOKIA OYJ -1.10% 3.1505 Delayed Quote.-37.37%
PAYPAL HOLDINGS -0.24% 104.34 Delayed Quote.24.08%
REVLON, INC. 7.25% 24.56 Delayed Quote.-2.50%
SCIENTIFIC GAMES CORPORATION 3.48% 27.63 Delayed Quote.54.53%
TESLA INC. 1.67% 335.89 Delayed Quote.0.93%
THE ROYAL BANK OF SCOTLAND GROUP PLC 1.29% 228 Delayed Quote.5.21%
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