Companies, earnings, deals and corporate strategy.
Business
The defense contractor reported third-quarter sales up 11% to $20.7 billion and raised its 2026 outlook, but said F-35 Lot 20 costs have begun to exceed its contract authorization.
Business · Brief
The airline said revenue rose 17% and expects fourth-quarter revenue growth above 20%, while its average fuel price rose 60% to $3.90 a gallon, according to its earnings release.
Business · Brief
Procter & Gamble kept its fiscal-year organic growth outlook and raised its all-in sales range to reflect the Thorne acquisition, according to its earnings release.
Business · Brief
The streaming company said revenue grew 12% to $12.9 billion and forecast a fourth-quarter operating margin of 26.0%, including about 120 basis points of cost from headcount reductions.
Business
General Motors said third-quarter net income attributable to stockholders rose to $3.3 billion from $1.3 billion, while it narrowed its full-year EBIT-adjusted range, according to its filing.
Business
Revenue was little changed at $28.05 billion, while free cash flow dropped to $1.53 billion from $3.99 billion a year earlier, according to the company's quarterly update.
