News Highlights: Top Company News of the Day
October 23 2019 - 09:30PM
Dow Jones News
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)
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