Howmet Aerospace reported strong Q1 FY24 results, with revenue up 14% and adjusted EPS beating expectations. Outlook has been raised, but 737 MAX production remains a concern.
Cummins reported a slight sales decline of 0.6% YoY in Q1 2024, missing consensus. Sales in NA were flat, international down 1%. Adjusted EPS of $5.10 missed consensus.
Universal Music Group and TikTok Forge Multi-Dimensional Licensing Agreement: Universal artists and songwriters set to thrive as their music returns to TikTok's global platform, marking a new era of collaboration prioritizing creative welfare and commercial potential.
Aptiv PLC (APTV) saw its stock surge 9% after reporting strong Q1 results, including better-than-expected earnings and raised earnings guidance for FY24, despite slightly missing revenue estimates. CEO Kevin Clark highlighted significant new business awards totaling nearly $13 billion.