News Highlights: Top Company News of the Day
GE's Profits Rise but Sales Miss Forecasts
Revenue increased in the company's jet engine business as travel
rebounded from the start of the pandemic, but sales declined in its
healthcare business from supply-chain shortages.
UPS Revenue Rises as It Ships Fewer Packages
The delivery company's strategy has focused on moving packages
and courting customers that generate stronger sales and profit.
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.
Microsoft Earnings Likely to Show Strong Growth From Cloud Usage
The company's Azure cloud-computing service is but one of its
businesses to benefit from the turn to remote work and schooling
during the pandemic.
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.
Eli Lilly Earnings Miss Estimates. But Raised Guidance Lifts Stock.
The drug giant boosts its full-year earnings and sales forecast
despite missing profit estimates.
3M's Earnings Were Good, but Not Good Enough
Both per-share profits and sales were better than expected, but
investors don't like management's financial forecasts.
Raytheon's Earnings Impress but Sales Miss. The Stock Is Rising.
The aerospace and defence giant raised its outlook for full-year
profit, but said sales are expected to come in at the low end of
its expected range.
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, as smaller businesses pour money into digital ads.
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.
(END) Dow Jones Newswires
October 26, 2021 09:15 ET (13:15 GMT)
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