Aerospace supplier Spirit AeroSystems on Wednesday forecast third-quarter revenue below expectations, as quality problems at its factories hobbled shipments of 737 fuselages.
Morgan Stanley’s profit fell about 9% in the third quarter, dragged down by lethargic dealmaking that sent the lender’s shares down nearly 3% in premarket trading.
Abbott Laboratories on Wednesday tightened its profit forecast for the year after beating estimates for third-quarter earnings due to strong demand for its medical devices and diagnostics products.
Nasdaq on Wednesday reported third-quarter profit that beat Wall Street estimates, helped by stronger demand for its indexes and anti-financial-crime products.
Procter & Gamble’s quarterly sales and profit topped market expectations on Wednesday, helped by steady demand for its personal care products and cleaning supplies as well as price hikes.
Building permits for apartments in Germany fell 28% during the first eight months of the year, the statistics office said on Wednesday, underscoring a downturn in demand in the construction and real estate industry.
U.S. coffee chain Starbucks has rolled out a new smaller cup size in China, its second largest market, in an aim to attract customers as competition in the country intensifies.
A Country Garden $15 million coupon payment deadline has expired without word of payment, fuelling expectations that China’s biggest private property developer has defaulted on its offshore debt as the nation’s real estate woes deepen.
U.S. drugstore chain Rite Aid raised concerns about its ability to remain in business in a regulatory filing on Wednesday, days after it filed for bankruptcy protection.
Five big brokerages, including J.P.Morgan, raised their 2023 growth forecasts for China, after the country’s economy grew at a faster-than-expected pace in the third quarter from a year earlier.
