The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players in the industry rumbles on.
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.
Growth was fueled by the defense electronics division as well as data processing for intelligence and cyber security. The companyβs helicopters unit continued receiving strong orders, Leonardo said.
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.
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 entertainment company swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers.