Why Prologis Shares Are Trading Lower Today
Prologis shares down after reporting Q1 results, with lower rental revenue and reduced FY24 guidance due to market conditions. CEO remains positive about long-term growth.
Why U.S. Bancorp Shares Are Diving Premarket Today
U.S. Bancorp reported a decline in revenue and net interest income for Q1 2024, but beat adjusted earnings expectations. FY24 guidance was also lowered.
What’s Going On With TC Energy Shares Today?
TC Energy Alberta gas pipeline ruptures and catches fire. No injuries, but affected section shut down. CER monitors.
Why Media Company Omnicom Shares Are Trading Higher Premarket Today
Omnicom Group reported 5.4% revenue growth, with organic growth of 4.0%. Adjusted EPS beat expectations.
Why J.B. Hunt Transport Shares Are Diving Today
JBHT shares down 6.01% after reporting lower Q1 2024 earnings and revenue. Operating revenue fell 9% Y/Y to $2.94 billion, missing the consensus of $3.12 billion.
Why Northern Trust Shares Are Diving Today
Northern Trust shares are trading lower following first-quarter FY24 financial results. Sales declined 6% Y/Y to $1.65 billion, missing the analyst consensus of $1.75 billion. Adjusted net interest margin for the quarter contracted one basis points Y/Y to 1.61%.
Why Barnes & Noble Education Shares Are Diving Today
Barnes & Noble Education, Inc. announces a rights plan & equity investment to strengthen balance sheet. Stock down 65.7% at $0.2400.
Exxon Taps TechnipFMC For Subsea Gear In Guyana’s $12.7B Whiptail Project
Exxon Mobil awarded a large contract to TechnipFMC in Guyana, to supply subsea production systems for the Whiptail project. The project is worth $12.7B and will target an estimated resource base of over 850M barrels of oil.
Why Morgan Stanley Shares Are Surging Today
Morgan Stanley reports better-than-expected Q1 FY24 financial results, with revenues of $15.1B, led by Wealth Management and Investment Banking.
What’s Going On With PNC Financial Shares Today?
PNC reported lower Q1 FY24 results, with revenue declining 8% Y/Y. Net interest income fell 9% while noninterest income decreased 7%. Adjusted EPS was $3.36, above consensus.