Dow Jones Top Company Headlines at 7 AM ET: Lockheed Martin's Business Is Booming as Backlog Hits Nearly $300 Billion | Barclays ...
Lockheed Martin's Business Is Booming as Backlog Hits Nearly $300 Billion
Lockheed Martin reports third-quarter earnings per share of $7.97 from sales of $20.7 billion. Wall Street was looking for profit of $7.52 from sales of $20.5 billion.
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Barclays to Cut 5,000 Jobs in AI Cost-Saving Drive
Barclays said it was structurally reducing costs to help make room for investments.
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DeekSeek Raises $15 Billion Ahead of Potential IPO
The Chinese AI startup's second private financing round was nearly double its initial target thanks to strong investor interest, people familiar with the matter said.
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Honeywell Technologies Raises Outlook as Sales Climb
Honeywell Technologies raised its full-year outlook on the back of what Chief Executive Vimal Kapur called strong results in its first quarter as a standalone company.
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Dow's Profit Rises Sharply on Cost Cuts, Sales Growth
The Midland, Mich., chemicals company posted third-quarter earnings of $458 million, or 62 cents a share, up sharpy from $62 million, or 8 cents a share, a year earlier.
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PG&E Profit Falls as Revenue Dips But Backs Full-Year Guidance
The Oakland, Calif., utility posted third-quarter earnings of $776 million, or 34 cents a share, compared with $850 million, or 37 cents a share, a year earlier.
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PulteGroup Net Down as Mortgage Rates Weigh on Home Sales
PulteGroup's third-quarter net income and revenue fell sharply as elevated mortgage rates slowed sales of its luxury homes and weighed on prices.
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Carrier Plans $600 Million Texas Plant to Make Cooling Gear for AI Data Centers
The facility, Carrier's biggest-ever investment, comes amid a surge in sales to data-center customers.
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Aramco CEO Says East-West Pipeline Capacity Could Reach 10 Million Barrels a Day
Saudi Aramco is working to increase the capacity of its East-West oil pipeline network to 10 million barrels a day as the kingdom seeks to strengthen alternative export routes.
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Nestle Sales Boosted By Hot Pockets and Frozen Pizza in U.S.
Nestle booked a rise in sales for the third quarter amid a revival of its snacking businesses in the Americas.
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London Stock Exchange Group Agrees to Buy Octus For $3.5 Billion
The stock-exchange and financial-information company said last week that it was in talks over the deal to buy the credit intelligence, data and workflow provider from Permira.
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SpaceX Takes Conglomerate-Building to Sci-Fi Extremes
Elon Musk's mishmash of businesses will be a maze for investors to evaluate.
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Hermes Sales Growth Slows Against Tough Luxury Backdrop
The stock fell more than 6% after the luxury house said sales growth lost pace in the third quarter.
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Roche Posts Higher Sales on Growth Across Pharma, Diagnostics Units
Roche reiterated its full-year guidance and said it is prepared to launch its giredestrant breast-cancer pill later this year.
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Nokia Reports Continued Strength From Data-Center Rollout
Sales in network infrastructure rose 17% on year, driven by demand from AI and cloud customers in the Americas.
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Tesla Logs Surge in European Monthly Sales
Elon Musk's electric-vehicle maker kept gaining ground in a region where Chinese rivals are also growing strongly.
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Thales Boosts Sales Forecasts as Defense, Aerospace Orders Surge
Thales lifted its sales projections for the year as orders at its defense and aerospace units surged in the first nine months.
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Kuehne + Nagel Lifts Guidance Again After Growth Across Business
The Swiss transport and logistics company said demand from cloud infrastructure and semiconductor customers is driving volume growth.
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Fortescue Warns of Output Guidance Cut If China Talks Aren't Concluded Soon
The iron-ore miner held guidance steady for shipments, but said the outlook hinged on securing a deal with China Mineral Resources Group.
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Musk Says Tesla Aims to Begin Humanoid Robot Sales Next Year
Talk of a Tesla merger with SpaceX was off-limits on the earnings call.
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Meta Will Split Stock, Create New Class to Fund AI Spending
The company, which reported record revenue of $64.6 billion for the third quarter, said the new stock won't affect Mark Zuckerberg's voting control.
(END) Dow Jones Newswires
October 22, 2026 07:15 ET (11:15 GMT)
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