JetBlue Airways saw its shares plummet over 10% in premarket trading following the airline’s announcement of a lowered revenue forecast for 2024. The carrier anticipates a drop in second-quarter revenue of up to 10.5%, which is more than double the expected decrease according to analysts. Furthermore, the full-year sales forecast indicates a decline in the
Earnings
Procter & Gamble recently reported a mixed quarter, with sales in the three months ended March 31 increasing 1% year over year to $20.195 billion, falling short of analysts’ expectations. However, adjusted earnings per share rose 11% to $1.52, surpassing analyst forecasts. Despite weaker sales, the company delivered strong profitability, leading to an improvement in
Alaska Airlines has recently forecasted second-quarter and full-year earnings that surpass analysts’ expectations, signaling a positive outlook for the airline. Despite facing setbacks such as a first-quarter loss due to an unfortunate incident with a Boeing 737 Max 9 aircraft, Alaska Airlines remains optimistic about the upcoming peak travel season. In the first quarter, Alaska
ASML, a prominent semiconductor firm known for producing extreme ultraviolet lithography machines, experienced a decline in its stock price by 4.5% following the announcement of missed sales forecasts. The company reported net sales of 5.29 billion euros, falling short of the expected 5.39 billion euros, while net profit stood at 1.22 billion euros compared to
Adidas, the German sportswear company, experienced a significant 8.2% jump in its shares following an unexpected increase in its full-year guidance and a rise in year-on-year profit in the first quarter. The company now anticipates currency-neutral revenues to grow at a mid-to high-single-digit rate for the full-year 2024, a notable improvement from the previous mid-single-digit
Dr. Martens, the iconic shoemaker, experienced a significant blow as its shares plunged by 30% to hit a record low. The alarming drop came after the company released a trading update that highlighted a bleak outlook for 2025 due to weaker revenues. This unexpected announcement led to the temporary suspension of trading in the company’s
UnitedHealth Group recently faced a significant cyberattack on its Change Healthcare billing and payments subsidiary, resulting in the largest disruption in U.S. healthcare since the Covid pandemic. The repercussions of this attack have raised concerns about the company’s operations and the broader healthcare industry. The data breach at the Change Healthcare unit forced the firm
The market is showing signs of recovery following a selloff on Friday, with hopes that the conflict in the Middle East will not escalate further after Iran’s attacks on Israel. Meanwhile, oil prices are pulling back on these expectations, providing some relief to investors. Despite a slight uptick in consumer inflation, retail sales soared by
Wells Fargo recently released its first-quarter earnings report, exceeding expectations set by Wall Street analysts. The company reported an adjusted earnings per share of $1.26 cents, compared to the expected $1.11 cents. Additionally, revenue came in at $20.86 billion, surpassing the $20.20 billion estimate. Despite these positive numbers, shares of Wells initially dipped in premarket
Taiwan Semiconductor Manufacturing Co. (TMSC) experienced a significant surge in monthly revenue in March, reaching 195.2 billion new Taiwan dollars ($6.1 billion). This represents a year-on-year increase of 34.3%, marking the fastest growth pace since November 2022. In the first quarter of the year, TSMC’s revenue totaled 592.6 billion new Taiwan dollars, up by 16.5%