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American Tower: 3Q Earnings Snapshot

BOSTON (AP) _ American Tower Corp. (AMT) on Thursday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations. The Boston-based real estate investment trust said it had funds from operations of $861 million, or $2 per share, in the period. …read more […]

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UPDATE 1-Bombardier burns more cash than expected on ramp up in jet production

Canadian plane and train maker Bombardier Inc used more cash than analysts had expected in the third quarter as it ramped up production of its flagship Global 7500 business jet and pushed back some train deliveries. The Montreal-based company is in the middle of a broader restructuring, shedding underperforming commercial plane programs to focus on its more profitable business jet and rail units. Bombardier free cash flow usage for the quarter ended Sept. 30 rose 84% to $682 million, compared with a year earlier. …read more […]

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Corteva posts smaller loss as North America volumes rise

The former agricultural unit of DowDuPont also tightened its 2019 operating earnings per share forecast to between $1.20 and $1.26 per share, from its earlier estimate of $1.06 to $1.31. Net loss from continuing operations attributable to Corteva narrowed to $527 million, or 69 cents per share, in the third quarter ended Sept. 30, from $5.34 billion, or $7.13 per share, as the year earlier period included a $4.5 billion goodwill impairment charge. Excluding items, Corteva posted a loss of $0.39 per share. …read more […]