Oct Industrial Profits

Virgin Galactic building the foundation for strong future profitability, KeyBanc says

Virgin Galactic Holdings Inc.’s progress toward its new class of spacecraft bodes well for the company’s future profitability, according to KeyBanc Capital Markets.

Business - MarketWatch - November 7

Toast’s stock soars after company swings to profit and revenue beats estimates

Toast Inc.’s stock soared in after-hours trade Thursday, after the digital-payment platform for restaurants posted better-than-expected revenue for the third quarter, offsetting a profit miss.

Business - MarketWatch - November 8

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony raised sales guidance for the full year and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.

Business - CNBC - November 8

Sony's Profit Jumps on Strength in Game, Image-Sensor Businesses

The Japanese company raised its annual revenue forecast after delivering a second-quarter profit beat.

Business - The Wall Street Journal - November 8

Pinterest Stock Falls Despite Rise in Third-Quarter Profit, Revenue

The social-media platform’s revenue jumped 18% year over year, slightly above Wall Street’s forecast.

Business - The Wall Street Journal - November 7

Warner Bros. Discovery Swings to Quarterly Profit on Strong Streaming Growth

The entertainment company swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers.