America’s largest budget airline reports 71% jump in airfare
Frontier Airlines reported a 71% increase in airfare during the third quarter as the budget carrier passed along higher jet fuel costs to passengers.
Samsung Electronics shares slid despite record profit in the third-quarter
Samsung Electronics shares fell 4.13% despite reporting record third-quarter profit of over 100 trillion won, as investors showed muted enthusiasm for the results.
Eli Lilly hikes sales outlook, as CEO says there’s room for ‘dramatic’ obesity market expansion
Eli Lilly raised its full-year revenue outlook to $91-92 billion and reported third-quarter earnings that exceeded expectations, driven by strong demand for obesity and diabetes drugs Zepbound and Mounjaro.
Merck tops quarterly estimates, hikes profit outlook as new Keytruda form shows strength
Merck topped third-quarter profit estimates and raised its adjusted earnings guidance, driven by stronger-than-expected sales of its immunotherapy Keytruda and its newer injectable form Keytruda Qlex.
Restaurant Brands reports mixed results as Burger King’s U.S. turnaround shows signs of success
Restaurant Brands reported mixed third-quarter results as Burger King’s strong U.S. turnaround offset struggles at Popeyes, with shares falling about 2% in morning trading.
Marc Lore’s Wonder bets on Texas, automation and user-built restaurants as it mulls IPO
Wonder, Marc Lore’s food delivery startup, plans aggressive expansion in Texas and potential IPO as it pursues automation and subscription-based user-run restaurants.