Cleveland-Cliffs Shares Surge After Strong Q3 Beat and Raised 2027 Outlook
Cleveland-Cliffs delivered its strongest quarter in three years with $612M adjusted EBITDA and guided for more than $4B in 2027, lifting the stock.
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Travelers Beats Earnings Estimates but Shares Drop on Higher Catastrophe Losses
Travelers delivered a strong third-quarter profit and beat consensus, but higher storm losses and flat premium growth weighed on the stock.
TSMC Posts Sixth Straight Record Profit on AI Demand, but Flags Caution for 2027
TSMC’s Q3 net profit jumps 69% to $23.6B as AI demand stays robust, while the company plans more carefully for 2027.
Ericsson Beats Q3 Profit Forecasts on Network Demand, Warns Component Costs Will Pressure Margins
Ericsson beat third-quarter profit estimates as mobile network sales rose. The new CEO flagged flat RAN demand and higher component costs as key challenges ahead.
ASML Raises Outlook as AI Orders Outrun Capacity Through 2028
ASML reports strong Q3 results and says AI-driven demand for its chipmaking machines will exceed supply in both 2027 and 2028.
Citi Tops Q3 Profit Estimates as Services, Banking and Wealth Drive Gains
Citi reported $5.2B in Q3 profit, topping forecasts as services and banking grew. Revenue hit its best third quarter in a decade.