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Apple supplier Foxconn posts surprise rise in quarterly profit

TAIPEI (Reuters) -Apple Inc supplier Foxconn reported on Tuesday a surprise 11% increase in third-quarter profit, boosted by strong demand for smartphones ahead of the year-end holiday shopping season in Western markets. Net profit for the July-September quarter rose to T$43.1 billion ($1.3 billion), beating market estimates for an 11% drop. "We have entered the traditional season of hot sales in the second half and our operations are set to gradually improve quarter on quarter," Chairman Young Liu told an earnings briefing. ....

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ConocoPhillips posts bigger profit than expected, raises dividend

(Reuters) -U.S. oil producer ConocoPhillips on Thursday beat Wall Street's estimates for third-quarter profit and raised its quarterly dividend 14%, amid higher prices and production. Shares rose more than 5% on the dividend increase, with the company saying it could sustain the higher level through 2024 depending on oil and gas prices. The cash distribution comes during industry consolidation that has created stronger rivals in U.S. shale, where Conoco is a major player with production of 1.8 million barrels of oil equivalent per day (boepd). ....

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Thomson Reuters' third-quarter profit beats estimates

International Business News: Thomson Reuters reported higher-than-expected Q3 profit due to strong performance in its legal, tax, and accounting divisions. The company's adjusted ....

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Union Pacific's quarterly profit drops 19% on lower volumes

"We faced many challenges in the quarter, including continued inflationary pressures and a drop in carloads," said Chief Executive Officer Jim Vena. Elevated inflation and higher borrowing costs have reduced consumer demand for goods, driving down freight volumes hauled by rail, while labor costs for the company jumped on increased hiring after the railroad industry faced criticism for inadequate services. Its operating ratio, a key metric that indicates operating expenses as a percentage of revenue, rose to 63.4% in the third quarter from 59.9% reported a year ago. ....

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