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we are watching American Airlines, Honeywell and Dow. First up, American Airlines reporting a smaller than expected loss in the third quarter.
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The airline also now sees a profit for the full year. It had previously predicted a loss.
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The carrier joined rivals in predicting a strong end to the year as corporate and premium leisure travel drive growth.
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The stock now higher after the results. Year to date, American Airlines had declined 31% through Wednesday’s close.
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Next up is Honeywell, reporting third quarter earnings that topped Wall Street expectations.
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The manufacturer also raised its full year profit outlook.
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The results were boosted by the company’s Aerospace unit, where sales jumped 15% in the most recent quarter.
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That division is expected to be spun off next year and will separate from the automation business.
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Honeywell also plans to spin off its advanced materials unit.
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That faced pressure earlier this year from activist investor Elliott, which took a $5 billion stake in the company. The new strategy will result in three publicly traded entities that are separate.
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And finally Dow, the chemicals giant seeing its earnings losses shrink in the most recent quarter.
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Loss per share falling to 19% compared to 19 for compared to a 42 cent loss the prior quarter.
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Volume in its industrial unit improved from the prior quarter as well, as new US Gulf Coast plants came online.
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But Dow did report an 11% drop in packaging and specialty plastics revenue from a year earlier. That was due to lower prices for finished plastic products.
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As always, you can scan the QR code below to track the best and worst performing stocks with Yahoo Finance’s trending tickers page.
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