Dow Jones Top Company Headlines at 9 AM ET: Pfizer Profit Falls Amid Lower Covid-19 Drug Demand | Hormel ...

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Pfizer Profit Falls Amid Lower Covid-19 Drug Demand

Pfizer reported lower third-quarter profit as demand for its Covid-19 vaccine and antiviral drug continued to decline.

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Hormel Foods to Cut 250 Jobs in Restructuring

Hormel Foods is cutting 250 corporate and sales jobs as part of a restructuring.

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Archer Daniels Midland Cuts Outlook on Margin Pressure

Archer Daniels Midland cut its full-year earnings outlook, citing pressured margins, despite logging higher profit and revenue in the third quarter as it continues to operate in a dynamic environment.

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Major Investor in Victoria's Secret Seeks Board Shake-Up

BBRC, which owns a nearly 13% stake in the retailer, sent a letter to its board calling for the removal of the chair and installation of the investor's founder.

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Uber Profit, Revenue Jump on Increased Trips

The ride-hailing company logged higher profit and revenue in the third quarter, as the company said it notched one of the largest trip-volume increases in its history.

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Marriott's Luxury Hotels Help Lift Revenue and Profit

Marriott International narrowed its full-year earnings outlook after logging higher profit and revenue in the third quarter, as ongoing strength in the luxury segment more than offset reduced government travel.

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Hertz Swings to Profit as it Focuses on Newer Cars in Fleet

Hertz swung to a third-quarter profit, boosted by plummeting depreciation, as the company continues its strategy to swap out older cars for a newer fleet.

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Shopify Beats Forecasts Fueled by Strong Merchant Growth

Shopify's third-quarter sales rose by nearly a third, by adding more merchants to its platform and selling more merchandise.

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Ferrari Confirms Guidance as Deliveries Top Estimates

The automaker delivered more vehicles than expected, as weakness in the Americas and China was offset by higher shipments elsewhere.

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Palantir Revenue Climbs to Another Record as Defense Work Booms

The company said its sales were $1.18 billion in the third quarter for a year-over-year growth rate of 63%.

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Yum Brands Explores Sale of Pizza Hut

The pizza chain has nearly 20,000 locations worldwide and reported declining same-store sales for several quarters.

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Spotify Gains Subscribers as App Offering Expands

For the third quarter, the company's profit beat analyst expectations, and revenue and subscriptions increased.

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BP Raises Full-Year Divestment Expectations

The energy company posted better-than-expected profit despite a weaker contribution from its oil trading division.

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Molson Coors Expects to Hit Low End of Outlook After Sales Fall

Molson Coors swung to a loss and logged lower sales in the third quarter, as the beer industry contends with a widespread slump.

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AB Foods Mulls Separation of Primark, Food Businesses

The group expects a lower adjusted operating margin for its Primark business in the year ahead after a slowdown in sales at the clothing retailer.

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Stanley Black & Decker Cuts Outlook Amid Tariffs and Weak Consumer Spending

Stanley Black & Decker reported lower third-quarter profit and cut its full-year outlook as tariffs and weak consumer spending on do-it-yourself projects weighed on the company's business.

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Harley-Davidson Profit Rises Despite Weak Consumer Confidence

Harley-Davidson reported higher third-quarter profit, but said demand for motorcycles remains soft due to economic uncertainty and global tariffs

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Chrysler Recalls 320,000 Hybrid Jeeps Over Battery Fire Risk

Owners of models involved in the recall were advised to park outside, away from structures and not to charge their vehicles.

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Nintendo Raises Switch 2 Sales Forecast as Earnings Soar

The Japanese company now forecasts fiscal-year revenue to increase 93% and net profit to climb 25.5%.

 

(END) Dow Jones Newswires

November 04, 2025 09:00 ET (14:00 GMT)

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