Equities Archives - Page 137 of 1061

1 minute read

American Axle & Manufacturing Posts Q1 Earnings Beat As Volume Picks Up

May 3, 9:11 AM

American Axle & Manufacturing Holdings outperforms expectations in Q1 FY24 with sales soaring 7.7% year-on-year to $1.61 billion, driven by volume and mix. Adjusted EPS surpasses estimates at $0.18, while gross profit jumps 23.6% to $198.5 million.

AXL

2 minute read

Why Freight Operator XPO Shares Are Surging Premarket Friday

By Lekha Gupta

May 3, 8:58 AM

XPO shares rise after reporting higher revenue, operating income, and adjusted EBITDA for Q1 FY24, exceeding expectations.

XPO

1 minute read

What’s Going On With Magna Shares After Incurring $316M Charges Related To Fisker In Q1?

By Nabaparna Bhattacharya

May 3, 8:48 AM

Magna International shares dip in premarket trading following Q1 results, including $316 million charges related to Fisker, despite beating revenue expectations and reporting increased adjusted EBIT.

FSRN

1 minute read

Seplat’s $1.28B Asset Deal with Exxon Gets Regulatory Boost: Report

By Lekha Gupta

May 3, 8:28 AM

The Exxon-Seplat asset sale in Nigeria could be approved within two weeks, ending a two-year delay since the $1.28 billion deal was signed. This will inject capital into Nigeria's oil industry and boost oil output.

IYE

2 minute read

Marjorie Taylor Greene Reveals New Stock Trades After 2-Year Gap: Berkshire Hathway, Goldman Sachs And Microsoft Make The List — But Trump’s DJT Doesn’t

By Shanthi Rexaline

May 3, 8:18 AM

Greene's filing on Thursday marks her first periodic transaction report since June 2022, adhering to the "Stock Trading on Congressional Knowledge Act."

BRK

1 minute read

Why Is Chocolate Maker Hershey’s Stock Ticking Higher Today?

By Shivani Kumaresan

May 3, 8:04 AM

Hershey posts Q1 FY24 earnings, surpassing estimates with a 8.9% sales surge to $3.252 billion. Notably, North America Confectionery segment sees a 10.4% boost to $2.707 billion. With a robust gross margin expansion of 520 basis points to 51.5%, Hershey reports a 21.3% rise in gross profit to $1.67 billion.

HSY

1 minute read

Airbus Demands Compensation To Acquire Spirit Operations: Report

By Shivani Kumaresan

May 3, 7:26 AM

Airbus demands financial compensation from Boeing to absorb Spirit AeroSystems' losses, posing a significant hurdle in their merger talks. Negotiations in New York aim to resolve complexities, including Airbus assuming Spirit's loss-making operations, while Boeing eyes acquiring Spirit. Amidst resistance, Airbus CEO Faury suggests Airbus controlling Spirit's Belfast and Kinston plants, adding further complexity to the negotiations.

2 minute read

Tim Cook ‘Very Bullish’ On Apple’s Generative AI Efforts Despite Lower Capital Expenditure Than Rivals

By Benzinga Neuro

May 3, 7:22 AM

Apple CEO Tim Cook revealed that the company has invested $100 billion in research and development over the past five years. This investment is part of Apple's plan to unveil new AI features at its annual software conference next month.

AAPL

3 minute read

Wall Street Looks To Feed Off Apple’s Post-Earnings Power But Key Jobs Data May Upset The Cart: Analyst Says ‘A Lot Of These Clouds Will Lift’ If This Happens

By Shanthi Rexaline

May 3, 7:03 AM

Stocks look set to carry forward the upward momentum on Friday amid some earnings cheer, although a tinge of nervousness is evident ahead of the all-important non-farm payrolls report.

AMGN

2 minute read

Nordstrom’s Potential Privatization Entices Equity Firm Sycamore: Report

By Shivani Kumaresan

May 3, 6:47 AM

Nordstrom's potential privatization drive, led by CEO Erik Nordstrom and his brother Pete, triggers a 6% surge in share prices, reflecting investor optimism amidst challenges posed by consumer spending constraints and market volatility.

JWN