Read about transborder freight between the U.S. and Canada and Mexico, Frontier Airlines, Spirit Airlines and more in the latest Market Talks covering the Auto and Transport sector.
The surprise increase was the first since the electric-car maker's earnings began to slide earlier this year as it turned to deep price cuts and other sales promotions to stimulate sales.
The toy company's profit, however, is holding up due to stronger margins, helped by factors such as cost cuts, supply-chain improvements and lower input costs.
The market downturn in Europe was caused by customers' weaker purchasing power due to high interest rates and uncertainties over the pace of the transition to electric vehicles, Michelin said.
The French luxury group posted revenue below analysts' expectations in the third quarter as a slump in demand for luxury goods in the Asia-Pacific region continue to weigh on its star brand, Gucci.
The jet maker posted its biggest quarterly loss since 2020. CEO Kelly Ortberg said the jet maker needs a culture change and a deal with striking machinists.
Frontier Communications' second largest investor is the latest stakeholder to come out against the company's proposed $9.6 billion acquisition by Verizon Communications.
Lysol maker Reckitt Benckiser's revenue fell by less than expected in the third quarter as declines in sales volumes eased, and confirmed its targets for the full year.