Dow Jones Top Company Headlines at 11 PM ET: SK Hynix Shelves Memory-Chip Unit U.S. IPO Plan on Market Jitters | Moderna's ...

SK Hynix Shelves Memory-Chip Unit U.S. IPO Plan on Market Jitters

The world's second-largest memory chip maker shelved plans for a potential U.S. listing of its memory-chip unit Solidigm in light of market conditions and share price trends.

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Moderna's Stock Plummets After Cancer-Vaccine Data Shared on Social Media

Details from a closely guarded study were to be released at a conference on Saturday.

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Newmont Logs Higher Profit, Revenue on Higher Gold Sales

The gold producer posted a third-quarter profit of $2.48 billion, up from $1.83 billion a year earlier.

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Meta Eyes an Early Equity Deal for Its AI War Chest-and Berkshire Could Be a Buyer

Berkshire participated in Alphabet's $85 billion equity fund deal in June that could be a model for any Meta equity raise.

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Sallie Mae Cuts Full-Year View After Logging Higher Charge-Offs

The private student loan company, formally SLM Corp., now expects earnings per share for the year to be $1.95 to $2.05, down from its earlier guidance of $3.10 to $3.20.

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Deckers Cuts Sales Outlook as Shoppers Seek Out Discounted Shoes

The company now expects annual sales to be $5.7 billion to $5.73 billion as it projects slower growth for its Hoka sneaker and Ugg shoe brands.

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Western Digital Profit Grows on Data Storage Demand, Higher Pricing

The company reported a fiscal first-quarter profit of $1.78 billion as it capitalizes on growing data-storage demand tied to the build out of AI infrastructure.

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Boston Beer Logs Lower Profit, Revenue Amid Bleak Beer Market

The brewer posted a third-quarter profit of $43.2 million, down from $46.2 million a year earlier, as demand for beer continues to fall.

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L'Oreal Eyes Profit Rise This Year as Sales Keep Growing

The company booked sales of $12.98 billion in the third quarter, a 7.2% increase, like-for-like, from the same period a year earlier.

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Procter & Gamble's Sales Offset Rising Fuel Costs

Procter & Gamble logged higher sales and said it is managing to stay on track despite rising fuel costs.

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Bloom Energy Lifts Outlook, Logs Higher Profit

The company now expects full-year adjusted earnings of between $3.10 and $3.40 a share after reporting a profit of $250.3 million, driven by demand for the company's on-site power solutions.

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Kering's Sales Lose Steam in Struggling Luxury Market

The owner of Gucci, Bottega Veneta and other high-end labels booked a 1% decrease in revenue as the luxury market continues to see a sharp drop in demand.

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American Airlines Sees Another Quarterly Loss as Fuel Costs Rise

The carrier said that revenue is projected to climb 19.5% to 22.5% in the fourth quarter, during which it is also on track to post an adjusted loss of 50 cents to $1.10 a share.

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Comcast Plans Restructuring as Domestic Broadband-Subscriber Losses Continue

The company said it would take a $1 billion-plus charge in the fourth quarter as it looks to redesign its business.

(END) Dow Jones Newswires

October 22, 2026 23:00 ET (03:00 GMT)