US Business

The German arms maker posted a 39.5% increase in sales, as it consolidated its place as one of Europe’s main ammunition and weapon suppliers.

Growth was fueled by the defense electronics division as well as data processing for intelligence and cyber security. The company’s helicopters unit continued receiving strong orders, Leonardo said.

The short-term rental company posted higher revenue in the third quarter as North American travel trends improved.

The maker of coolers and insulated drinkware expects to hit the high end of its earnings guidance for the year after posting a bigger profit and higher-than-estimated sales in the third quarter.

The entertainment company swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers.

Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.

The social-media platform’s revenue jumped 18% year over year, slightly above Wall Street’s forecast.

The carmaker said a part shortage in the third quarter hampered factory production, but it is still on track to report its first gross profit by year-end.

The media company named Lavanya Chandrashekar as its next CFO, succeeding Susan Panuccio, who plans to step down from the role on Jan. 1.

The National Day holiday in early October, combined with a rally in Chinese equity markets, may have also supported consumer sentiment.