UPS Boosts Operating Margin Target for 2021. The Stock Trades Higher. 

UPS posts a 22.6% increase in third-quarter operating profit to $2.9 billion and revenue of $23.2 billion, ahead of analysts' forecasts.

Eli Lilly Misses Profit Estimates but Boosts Guidance. The Stock Is Rising. 

Drug giant Eli Lilly boosts its full-year earnings and sales guidance.

Mucinex Owner Sees Surge in Demand as Colds, Flu Return 

Reckitt Benckiser said demand for its cold and the flu products was picking up as social distancing eases, helping it report stronger quarterly sales and raise its guidance for the year.

Google Poised to Ride Hot Ad Market to a Record Quarter 

The search giant's revenue growth is projected to be its highest in 14 years.

FDA Panel to Review Pfizer's Covid Shot in Young Children 

Experts advising the Food and Drug Administration are scheduled to meet to consider endorsing the Covid-19 vaccine from Pfizer and BioNTech for use in young children.

Novartis Weighs Sale or Spinoff of Generic Drug Unit Sandoz 

The unit has proven a drag on Novartis's growth, its separation would be the final step toward the Swiss drug giant focusing solely on innovative drugs.

UBS Earnings Driven Higher by Fees From Wealthy Clients 

UBS Group said fees from wealthy clients soared in the third quarter and its investment bank also reaped more revenue.

Reckitt Benckiser Lifts Full-Year Guidance 

Reckitt Benckiser said that its third-quarter revenue rose on a like-for-like basis but slipped on a reported basis, and raised its full-year revenue guidance.

Casino Operator Crown Resorts Engaged in Illegal Behavior, Report Finds 

A report commissioned by the government in Australia's Victoria state stopped short of recommending that Crown be immediately stripped of its casino license, but said a special manager should be appointed to oversee operations.

3-D Printed Houses Are Sprouting Near Austin 

Lennar is teaming with a Texas startup to create a community of 100 3-D printed homes near Austin, gearing up for what would be by far the biggest development of this type of housing in the U.S.


(END) Dow Jones Newswires

October 26, 2021 07:15 ET (11:15 GMT)

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