Stock market news

American Airlines Group

American Airlines' GAAP net income for 9 months of 2023 totaled $803 million, compared to a loss of $676 million in the prior year. Revenue increased by 11% to $39.726 bln vs. $35.783 bln a year earlier.

AT&T

AT&T's GAAP net income for 9 months of 2023 was $13.041 billion, down 19% from $16.1 billion in the prior year. Revenue increased 1.1% to $90.406 billion from $89.398 billion a year earlier.

VK

Moscow Exchange will start trading in ordinary shares of MKPАО VK on October 20. Securities will be traded under ticker VKCO.

VK

Alpha testing of the Russian game engine Nau Engine will start on November 1 and will last until February 29, 2024. Project team opened the opportunity to leave an application for participation in the alpha test in early summer. To date, more than 12 thousand applications have already been received from all over the world.

Novolipetsk Iron and Steel Works

NLMK began reconstruction of the forging and press section, where steel billets are produced for the Company's machine-building complex. Reconstruction will allow to increase the output of spare parts by about 10% and to master the production of large-size parts. Total investment in the project will amount to ₽1.7 billion.

KAMAZ

Kamaz plans to increase the production of passenger vehicles by 20% in 2024. In addition, the company will launch next year the production of trolleybuses, as well as continue work on the production of hydrogen vehicles. In 2023, Kamaz plans to produce about 2 thousand units of passenger transport.

Korshynov Mining Plant

Korshunovsky GOK's RAS loss for 9 months of 2023 amounted to ₽0.909 billion, against a profit of ₽1.507 billion in the previous year. Revenue fell 46.5% to ₽5.485 billion versus ₽10.249 billion a year earlier.

Bank of America

Bank of America Board of Directors announced a quarterly dividend of $0.24 per share. The last day to buy securities to receive the dividend is November 29, 2023. The annual dividend yield may reach 3.16%.

Alcoa

Alcoa Board of Directors announced a quarterly dividend of $0.1 per share. The last day to buy securities to receive the dividend is October 27, 2023. The annual dividend yield may reach 1.14%.

Alcoa

Alcoa's GAAP loss for 9 months of 2023 was $546 million, compared to a profit of $458 million in the prior year. Revenue decreased by 18.7% to $7.956 bln vs. $9.788 bln a year earlier.