News Highlights: Top Company News of the Day

Date : 10/24/2019 @ 1:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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.

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.

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.

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.

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.

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.

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.

Medicare Funding Weighs on Eli Lilly's Revenue 

Eli Lilly posted a lower-than-expected revenue for the latest quarter as the company provided more funding for seniors through a Medicare plan under a change in federal law that took effect this year.

Walmart Rushes Out Holiday Deals-a Week Before Halloween 

The retailer will start advertising holiday discounts online this week, as retailers brace for a shorter shopping season between Thanksgiving and Christmas this year.

Google Sweetens Search-Engine Remedy After EU Pressure 

Alphabet Inc.'s Google has bowed to pressure from European Union antitrust chief Margrethe Vestager in offering better terms to rival search engines that want to appear on Android phones under a $4.8 billion antitrust decision against the tech giant.


(END) Dow Jones Newswires

October 23, 2019 21:15 ET (01:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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